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
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- 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.
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.
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B-Ventures is focused on pioneering start-up growth strategies.
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Investment management services are provided by Eurizon in Italy.
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Commercial banks
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Investor details for Oval Money
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- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Oval Money
Investment portfolio details for Oval Money
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- Transaction dates
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Financial Statements - Oval Money
Detailed financials for Oval Money
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- Profit trends
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Oval Money Comparisons
Peer comparison for Oval Money
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud and AI-based chatbots for personal finance management are offered.
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AI-based platform for automated personal spend management is provided.
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Expense management for individuals is enabled via a mobile app.
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Money management tools are offered via an app for individuals.
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Online platform for personal finance management
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Detailed competitors of Oval Money
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Oval Money
Complete news archive for Oval Money
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Frequently Asked Questions about Oval Money
Oval Money was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Oval Money is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Luca Merolla is the current CEO of Oval Money.
Oval Money is a funded company, having raised a total of $11.19M across 9 funding rounds to date.
As of Dec 31, 2019, the latest employee count at Oval Money is 38.
Annual revenue of Oval Money is $313.46K as on Dec 31, 2019.
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.
Oval Money has 5 investors. Key investors include Intesa Sanpaolo, Eurizon, B-Ventures, CheBanca, and Guru Capital.