About Ocean Finance
Ocean Finance is a company based in Manchester (United Kingdom) founded in 1998 was acquired by Think Money in August 2012.. Ocean Finance offers products and services including Credit Cards, Personal Loans, Secured Loans, and Mortgages. Ocean Finance operates in a competitive market with competitors including Yuanbao, Weidai, Mnzl, FundingSecure and DhanLAP, among others.
- Headquarter Manchester, United Kingdom
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Ocean Finance Limited
- Date of Incorporation 14 Jul, 2006
- Jurisdiction MANCHESTER
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.23 M (USD), Grant
Jan 01, 2019
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Investors
European Union
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Ocean Finance
Ocean Finance offers a comprehensive portfolio of products and services, including Credit Cards, Personal Loans, Secured Loans, and Mortgages. 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.
Cards for building credit and managing daily expenses.
Loans from £1,000 to £15,000 for personal needs.
Homeowner loans from £10,000 to £500,000 for debt consolidation.
Remortgage options for homeowners with bad credit.
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Funding Insights of Ocean Finance
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $1.2M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Grant - Ocean Finance | Valuation |
investors |
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| Apr, 2017 | Amount | Grant - Ocean Finance | Valuation |
investors |
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| Jun, 2015 | Amount | Grant - Ocean Finance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Ocean Finance
Ocean Finance has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Think Money. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Personal current accounts with prepaid debit cards are provided.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ocean Finance
| 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 - Ocean Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Ocean Finance Comparisons
Competitors of Ocean Finance
Ocean Finance 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 Yuanbao, Weidai, Mnzl, FundingSecure and DhanLAP, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online digital currency as a collateral-based P2P lending platform
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| domain | founded_year | HQ Location |
P2P lending secured by automobiles is offered in China.
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| domain | founded_year | HQ Location |
Digital wallet platform offering asset-backed loans
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| domain | founded_year | HQ Location |
Asset-backed personal loans are funded via an online P2P platform.
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| domain | founded_year | HQ Location |
A marketplace for asset-backed loans using various collateral is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ocean Finance
Frequently Asked Questions about Ocean Finance
When was Ocean Finance founded?
Ocean Finance was founded in 1998 and raised its 1st funding round 13 years after it was founded.
Where is Ocean Finance located?
Ocean Finance is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
What does Ocean Finance do?
Ocean Finance is an online multiple product credit broker. It offers unsecured personal loans ranging from GBP 2,000-5,000 ranging for 2-4 years with representative APR of 44.9. GBP 10,000 to 250,000 homeowner loans secured against residential property are offered for 3 to 30 years. Other products on offer include debt consolidation loans and credit card (limit GBP 1,500 and representative APR 34.9).
Who are the top competitors of Ocean Finance?
Ocean Finance's top competitors include Yuanbao, Weidai and FundingSecure.
What products or services does Ocean Finance offer?
Ocean Finance offers Credit Cards, Personal Loans, Secured Loans, and Mortgages.
Who are Ocean Finance's investors?
Ocean Finance has 2 investors. Key investors include European Union, and Think Money.