About Onward
Onward is a company based in Los Angeles (United States) founded in 2015 was acquired by SaverLife in May 2021. It operates as a Professional Services, and Donation / Grant-Based. Onward has raised $2 million across 2 funding rounds from investors including Fast Forward and SaverLife. The company has 4 employees as of December 31, 2017. Onward offers products and services including Financial Education and Financial Coaching. Onward operates in a competitive market with competitors including Brex, Expensify, Nava Benefits, OFCOLOR and Icon Savings Plan, among others.
- Headquarter Los Angeles, United States
- Employees 4 as on 31 Dec, 2017
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Centra Credit Union
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Annual Revenue
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Net Profit
$-1.66 M-67as on Dec 31, 2017
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EBITDA
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
$25 K (USD), Grant
Jun 01, 2017
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Investors
Fast Forward
& 1 more
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Employee Count
4
as on Dec 31, 2017
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Acquired by
SaverLife
(May 18, 2021)
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Products & Services of Onward
Onward offers a comprehensive portfolio of products and services, including Financial Education and Financial Coaching. 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.
Free financial education is provided for community empowerment.
One-on-one financial coaching is offered for personal guidance.
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Funding Insights of Onward
Onward has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $25 thousand completed in June 2017. 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 2
- Last Round Grant — $25,000
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First Round
First Round
(18 Mar 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Grant - Onward | Valuation |
investors |
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| Mar, 2016 | Amount | Seed - Onward | Valuation |
investors |
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| 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 Onward
Onward has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Fast Forward and SaverLife. 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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Startups are accelerated via grants and mentorship programs.
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Founded Year | Domain | Location | |
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Foundation focusing on saving money
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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 Onward
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Onward
| 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 |
Onward Comparisons
Competitors of Onward
Onward 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, Expensify, Nava Benefits, OFCOLOR and Icon Savings Plan, 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 |
Cloud-based expense management solutions are offered for business travelers.
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| domain | founded_year | HQ Location |
Employee benefits brokerage and administrative services are provided to companies.
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| domain | founded_year | HQ Location |
Employee financial benefits are delivered via a cloud-based platform.
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| domain | founded_year | HQ Location |
Online platform for retirement planning
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| domain | founded_year | HQ Location |
Financial wellness platform for workforce savings and collaboration is provided.
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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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Frequently Asked Questions about Onward
When was Onward founded?
Onward was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Onward located?
Onward is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Onward a funded company?
Onward is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Mar 18, 2016.
How many employees does Onward have?
As of Dec 31, 2017, the latest employee count at Onward is 4.
What does Onward do?
Financial inclusion is promoted by Onward, a mission-driven initiative of Centra Credit Union. Focus is placed on reaching underbanked and unbanked individuals through free, unbiased, and bilingual financial education. Services such as group workshops, one-on-one training, and virtual coaching sessions are offered. Community partnerships with local businesses, non-profits, and schools are established to deliver relevant financial topics. Advocacy for members and communities is conducted by educating lawmakers on financial policy impacts. The sector served includes individuals and communities seeking financial empowerment and independence.
Who are the top competitors of Onward?
Onward's top competitors include Brex, Expensify and Nava Benefits.
What products or services does Onward offer?
Onward offers Financial Education and Financial Coaching.
Who are Onward's investors?
Onward has 2 investors. Key investors include Fast Forward, and SaverLife.