About Oval Money
Oval Money is a company based in London (United Kingdom) founded in 2015 by Claudio Bedino was acquired by Guru Capital in May 2021.. Oval Money has raised $11.19 million across 9 funding rounds from investors including Intesa Sanpaolo, Eurizon and B-Ventures. The company has 38 employees as of December 31, 2019. Oval Money operates in a competitive market with competitors including Cleo AI, Plum, Snoop, Emma and Money Dashboard, among others.
- Headquarter London, United Kingdom
- Employees 38 as on 31 Dec, 2019
- Founders Claudio Bedino
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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 Oval Money Ltd
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Annual Revenue
$313.46 K (USD)11485as on Dec 31, 2019
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Net Profit
$-3.94 M (USD)-140as on Dec 31, 2019
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EBITDA
$-4.52 M (USD)-135as on Dec 31, 2019
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Total Equity Funding
$11.19 M (USD)
in 9 rounds
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Latest Funding Round
$1.33 M (USD), Series A
Dec 04, 2019
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Investors
Intesa Sanpaolo
& 4 more
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Employee Count
38
as on Dec 31, 2019
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Acquired by
Guru Capital
(May 14, 2021)
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Funding Insights of Oval Money
Oval Money has successfully raised a total of $11.19M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $1.33 million completed in December 2019. 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 9
- Last Round Series A — $1.3M
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First Round
First Round
(06 May 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series A - Oval Money | Valuation |
investors |
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| Oct, 2019 | Amount | Series A - Oval Money | Valuation | Eurizon |
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| Jun, 2018 | Amount | Series A - Oval Money | Valuation | Intesa Sanpaolo |
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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 Oval Money
Oval Money has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Intesa Sanpaolo, Eurizon and B-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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B-Ventures is focused on pioneering start-up growth strategies.
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Founded Year | Domain | Location | |
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Investment management services are provided by Eurizon in Italy.
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Founded Year | Domain | Location | |
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Commercial banks
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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 Oval Money
| 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 - Oval Money
| 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 |
Oval Money Comparisons
Competitors of Oval Money
Oval Money 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 Cleo AI, Plum, Snoop, Emma and Money Dashboard, 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 |
Cloud and AI-based chatbots for personal finance management are offered.
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| domain | founded_year | HQ Location |
AI-based platform for automated personal spend management is provided.
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| domain | founded_year | HQ Location |
Expense management for individuals is enabled via a mobile app.
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| domain | founded_year | HQ Location |
Money management tools are offered via an app for individuals.
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| domain | founded_year | HQ Location |
Online platform for personal finance management
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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 Oval Money
Frequently Asked Questions about Oval Money
When was Oval Money founded?
Oval Money was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Oval Money located?
Oval Money is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Oval Money?
Luca Merolla is the current CEO of Oval Money.
Is Oval Money a funded company?
Oval Money is a funded company, having raised a total of $11.19M across 9 funding rounds to date.
How many employees does Oval Money have?
As of Dec 31, 2019, the latest employee count at Oval Money is 38.
What is the annual revenue of Oval Money?
Annual revenue of Oval Money is $313.46K as on Dec 31, 2019.
What does Oval Money do?
Oval is an app that will link to a users bank account and credit card, will give real time updates on the users spending patterns and stats, while helping them save easily. When users will want to spend for an emergency, an event, a gift or a charity donation, Oval will also allow users to borrow up to 80 on top of their savings that will be repaid on a yearly basis with daily micropayments. The loan will be provided by P2P money of other savers on Oval that have opted to invest their money into loans to receive a higher interest rate. The app is in beta stage as on June 2016.
Who are the top competitors of Oval Money?
Who are Oval Money's investors?
Oval Money has 5 investors. Key investors include Intesa Sanpaolo, Eurizon, B-Ventures, CheBanca, and Guru Capital.
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