About Novitas Loans
Novitas Loans is a company based in London (United Kingdom) founded in 2011 was acquired by Close Brothers in May 2017.. Novitas Loans offers products and services including Legal Lending Service and Loan Management Service. Novitas Loans operates in a competitive market with competitors including M Kopa, Creditspring, Abound, International Personal Finance and Funeral Safe, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Novitas Loans Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Close Brothers
(May 04, 2017)
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Products & Services of Novitas Loans
Novitas Loans offers a comprehensive portfolio of products and services, including Legal Lending Service and Loan Management Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides loans specifically for covering legal expenses and customer support.
Handles ongoing support for existing loan facilities.
Funding Insights of Novitas Loans
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Novitas Loans
Novitas Loans has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Close Brothers. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified financial services are provided across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Novitas Loans
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Novitas Loans
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novitas Loans Comparisons
Competitors of Novitas Loans
Novitas Loans operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as M Kopa, Creditspring, Abound, International Personal Finance and Funeral Safe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Affordable solar power is provided to households in Kenya.
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A personal loans platform
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Personal loans are provided by Abound for various needs.
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Consumer loans and offline home credits are provided to customers.
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Online funeral loans are facilitated via a dedicated platform.
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Offers loans, credit cards, and financial guidance for UK residents.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novitas Loans
Frequently Asked Questions about Novitas Loans
When was Novitas Loans founded?
Novitas Loans was founded in 2011.
Where is Novitas Loans located?
Novitas Loans is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What does Novitas Loans do?
Novitas Loans, established in 2011, excels in offering financial products and advice, consumer and sme loans, consumer loans, and personal loans. Personal loans provider. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Novitas Loans?
Novitas Loans's top competitors include M Kopa, Creditspring and Abound.
What products or services does Novitas Loans offer?
Novitas Loans offers Legal Lending Service and Loan Management Service.
Who are Novitas Loans's investors?
Novitas Loans has 1 investor. Key investors include Close Brothers.