About Okredo
Okredo is a company based in Vilnius (Lithuania) founded in 2015 by Algirdas Snioka.. Okredo has raised $1.78 million across 3 funding rounds from investors including European Union, Startup Wise Guys and Lighthouse Ventures. Okredo operates in a competitive market with competitors including Bloom Credit, Array, Noble, Trebol and Prestatech, among others.
- Headquarter Vilnius, Lithuania
- Founders Algirdas Snioka
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.78 M (USD)
in 3 rounds
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Latest Funding Round
$1.31 M (USD), Grant
Aug 13, 2024
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Investors
European Union
& 4 more
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Employee Count
Employee Count
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Funding Insights of Okredo
Okredo has successfully raised a total of $1.78M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $1.31 million completed in August 2024. 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 3
- Last Round Grant — $1.3M
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First Round
First Round
(18 Nov 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Grant - Okredo | Valuation |
investors |
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| Aug, 2022 | Amount | Seed - Okredo | Valuation | Lighthouse Ventures , Presto Ventures |
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| Nov, 2021 | Amount | Seed - Okredo | Valuation | LitBAN , Presto Ventures |
| 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 Okredo
Okredo has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Startup Wise Guys and Lighthouse Ventures. 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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LitBAN is operated as a business angel investment network in Lithuania.
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Founded Year | Domain | Location | |
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Venture capital investments are made in advanced technology startups.
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Founded Year | Domain | Location | |
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Venture capital and startup accelerator focused on B2B and SaaS companies
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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 Okredo
| 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 - Okredo
| 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 |
Okredo Comparisons
Competitors of Okredo
Okredo 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 Bloom Credit, Array, Noble, Trebol and Prestatech, 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 |
Tools for credit repair and score management are provided.
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| domain | founded_year | HQ Location |
Credit data integration platform and management tools are provided.
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| domain | founded_year | HQ Location |
Credit data from multiple sources is aggregated via API-based solutions.
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| domain | founded_year | HQ Location |
Open banking API for credit data aggregation automation.
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| domain | founded_year | HQ Location |
Banking software suite
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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 Okredo
Frequently Asked Questions about Okredo
When was Okredo founded?
Okredo was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Okredo located?
Okredo is headquartered in Vilnius, Lithuania.
Is Okredo a funded company?
Okredo is a funded company, having raised a total of $1.78M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.13M, raised on Nov 18, 2021.
What does Okredo do?
Okredo was founded in 2015 in Vilnius, Lithuania, within the fintech sector. An open banking API is provided to businesses, allowing access to performance reports, interfaces for mapping relationships among employees, companies, and clients, as well as financial statements and risk assessment tools. Operations focus on enabling secure data integration and monitoring for corporate financial health.
Who are the top competitors of Okredo?
Okredo's top competitors include Bloom Credit, Array and Noble.
Who are Okredo's investors?
Okredo has 5 investors. Key investors include European Union, Startup Wise Guys, Lighthouse Ventures, LitBAN, and Presto Ventures.
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