About Ollo Card
Ollo Card is a company based in Philadelphia (United States) founded in 2016 by Priya Jakatdar was acquired by Ally in October 2021.. Ollo Card has raised $100 million across 1 funding round from investors including Ally and The Orogen Group. Ollo Card operates in a competitive market with competitors including Afterpay, Affirm, Stori, Upgrade and Petal, among others.
- Headquarter Philadelphia, United States
- Founders Priya Jakatdar
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Ollo Card
Ollo Card has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $100 million completed in May 2018. 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 1
- Last Round Private Equity Round — $100.0M
-
First Round
First Round
(14 May 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Private Equity Round - Ollo Card | Valuation | Orogen Group |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ollo Card
Ollo Card has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Ally and The Orogen Group. 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 |
|---|---|---|---|---|
|
The Orogen Group is engaged in providing patient capital and industry expertise.
|
Founded Year | Domain | Location | |
|
Banking, auto finance, investment, and insurance services are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Ollo Card
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Ollo Card
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ollo Card Comparisons
Competitors of Ollo Card
Ollo Card 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 Afterpay, Affirm, Stori, Upgrade and Petal, 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 |
A buy now pay later service is offered by Afterpay.
|
|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online installment payment platform.
|
|
| domain | founded_year | HQ Location |
Credit cards, deposit accounts, and investment products are provided.
|
|
| domain | founded_year | HQ Location |
Consumer credit and banking products are offered to individuals.
|
|
| domain | founded_year | HQ Location |
Credit cards are issued to consumers via alternative credit evaluation.
|
|
| domain | founded_year | HQ Location |
Credit cards are provided for consumers, businesses, and healthcare financing.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ollo Card
Frequently Asked Questions about Ollo Card
When was Ollo Card founded?
Ollo Card was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Ollo Card located?
Ollo Card is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of Ollo Card?
Rob Habgood is the current CEO of Ollo Card.
Is Ollo Card a funded company?
Ollo Card is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $100M, raised on May 14, 2018.
What does Ollo Card do?
Ollo offers credit cards which are issued by The Bank of Missouri in a tie-up with MasterCard. Offers Ollo Platinum which has zero annual fees and does not charge late payment fees. Also offers Ollo Rewards, which provides 2 cash back on gas station, grocery store and drugstore purchases and 1 cash back on all other purchases. The APR for both cards are 24.99. As of June 2018, the card is available by invitation only.
Who are the top competitors of Ollo Card?
Who are Ollo Card's investors?
Ollo Card has 2 investors. Key investors include Ally, and The Orogen Group.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.