About Planswell
Planswell is a company based in Toronto (Canada) founded in 2015.. Planswell has raised $17.8 million across 3 funding rounds. Planswell offers products and services including Free Financial Plan, Monthly Budget Calculator, Debt Plan, Investment Plan, and Insurance Plan. Planswell operates in a competitive market with competitors including Arta Finance, Guiide, MBS Highway, Financial Calculators and Financial Calculator India, among others.
- Headquarter Toronto, Canada
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Planswell Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.8 M (USD)
in 3 rounds
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Latest Funding Round
$4 M (USD), Seed
Jan 21, 2019
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Investors
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Employee Count
Employee Count
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Products & Services of Planswell
Planswell offers a comprehensive portfolio of products and services, including Free Financial Plan, Monthly Budget Calculator, Debt Plan, Investment Plan, and Insurance Plan. 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.
Provides personalized retirement and income predictions for users.
Helps users track and manage monthly expenses effectively.
Offers strategies to consolidate debt and improve cash flow.
Recommends account allocations to optimize taxes and retirement.
Suggests coverage to protect future income and family security.
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Funding Insights of Planswell
Planswell has successfully raised a total of $17.8M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in January 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 3
- Last Round Seed — $4.0M
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First Round
First Round
(08 Jan 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Seed - Planswell | Valuation |
investors |
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| Jun, 2018 | Amount | Seed - Planswell | Valuation |
investors |
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| Jan, 2018 | Amount | Seed - Planswell | 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 |
Investments & Acquisitions by Planswell
| 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 - Planswell
| 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 |
Planswell Comparisons
Competitors of Planswell
Planswell 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 Arta Finance, Guiide, MBS Highway, Financial Calculators and Financial Calculator India, 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 |
Online platform for financial strategies for public and private market investments
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| domain | founded_year | HQ Location |
Pension plans are calculated and tracked online by users.
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| domain | founded_year | HQ Location |
News and analysis for the mortgage industry are provided.
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| domain | founded_year | HQ Location |
Offers free tools for financial calculations, investments, loans, and retirement planning online.
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| domain | founded_year | HQ Location |
App providing calculators for Indian banking, investments, and tax schemes.
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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 Planswell
Frequently Asked Questions about Planswell
When was Planswell founded?
Planswell was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Planswell located?
Planswell is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Planswell a funded company?
Planswell is a funded company, having raised a total of $17.8M across 3 funding rounds to date. The company's 1st funding round was a Seed of $6.8M, raised on Jan 08, 2018.
What does Planswell do?
Planswell was founded in 2015 in Toronto, Canada, as an online platform in the financial planning sector. Personalized plans for retirement, debt management, and education funding are created by users answering about 40 questions on investments, insurance, and borrowing strategies. Updates to these plans are required every six months to reflect changes in financial situations. Operations focus on user-driven tools accessible via the domain planswell.com.
Who are the top competitors of Planswell?
Planswell's top competitors include Arta Finance, Guiide and MBS Highway.
What products or services does Planswell offer?
Planswell offers Free Financial Plan, Monthly Budget Calculator, Debt Plan, Investment Plan, and Insurance Plan.