About OFCOLOR
OFCOLOR is a company based in Maplewood (United States) founded in 2019 by Yemi Rose was acquired by Financial Finesse in October 2024.. OFCOLOR has raised $2.02 million across 4 funding rounds from investors including Techstars, Financial Finesse and PSG Equity. OFCOLOR offers products and services including Financial Coaching Platform, Community Forums, and Intelligent Financial Tools. OFCOLOR operates in a competitive market with competitors including Brex, Konfío, CollectiveHealth, Edenred and Khazna, among others.
- Headquarter Maplewood, United States
- Founders Yemi Rose
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Sectors
Financial ServicesTechnology Healthcare
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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 Ofcolor Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.02 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Seed
Jul 10, 2023
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Investors
Techstars
& 3 more
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Employee Count
Employee Count
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Acquired by
Financial Finesse
(Oct 30, 2024)
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Products & Services of OFCOLOR
OFCOLOR offers a comprehensive portfolio of products and services, including Financial Coaching Platform, Community Forums, and Intelligent Financial Tools. 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.
Platform offers coaching and content for wealth building among workers of color.
Forums enable connection and sharing of financial best practices for diverse employees.
Tools help track and motivate personal financial goals for users of color.
Funding Insights of OFCOLOR
OFCOLOR has successfully raised a total of $2.02M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $2.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - OFCOLOR | Valuation |
investors |
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| Aug, 2021 | Amount | Seed - OFCOLOR | Valuation | PSG |
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| Sep, 2020 | Amount | Seed - OFCOLOR | 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 OFCOLOR
OFCOLOR has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Techstars, Financial Finesse and PSG Equity. 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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Capital and operational support are provided to growth-stage software companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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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 OFCOLOR
| 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 - OFCOLOR
| 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 |
Ofcolor Comparisons
Competitors of OFCOLOR
OFCOLOR 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 Brex, Konfío, CollectiveHealth, Edenred and Khazna, 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 |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Cloud-based self-insurance platform is offered to employers for employee sponsorship.
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| domain | founded_year | HQ Location |
Employee benefits and payment solutions are managed for businesses.
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| domain | founded_year | HQ Location |
Digital wallet platform for individuals
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| domain | founded_year | HQ Location |
Cloud-based expense management solutions are offered for business travelers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ofcolor
Frequently Asked Questions about OFCOLOR
When was OFCOLOR founded?
OFCOLOR was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is OFCOLOR located?
OFCOLOR is headquartered in Maplewood, United States.
Who is the current CEO of OFCOLOR?
Yemi Rose is the current CEO of OFCOLOR. They have also founded this company.
Is OFCOLOR a funded company?
OFCOLOR is a funded company, having raised a total of $2.02M across 4 funding rounds to date.
What does OFCOLOR do?
Founded in 2019 and based in Maplewood, United States, OFCOLOR operates as a cloud-based platform in the employee financial wellness sector. Tools for personal financial planning and legacy building are provided to employees, along with analytics, educational resources, one-on-one coaching, and a discussion forum. Employers are enabled to monitor engagement, coaching utilization, content interaction, and wellness metrics for strategic purposes.
Who are the top competitors of OFCOLOR?
OFCOLOR's top competitors include Brex, CollectiveHealth and Edenred.
What products or services does OFCOLOR offer?
OFCOLOR offers Financial Coaching Platform, Community Forums, and Intelligent Financial Tools.
Who are OFCOLOR's investors?
OFCOLOR has 4 investors. Key investors include Techstars, Financial Finesse, PSG Equity, and MetLife Digital Accelerator.