About Plinqit
Plinqit is a company based in Ann Arbor (United States) founded in 2015.. Plinqit has raised $5.08 million across 2 funding rounds from investors including FIS, FINTOP and JAM FINTOP. Plinqit offers products and services including Plinqit App and Build Skills™. Plinqit operates in a competitive market with competitors including Acorns, Grifin, Tranako, Dvdendo and Remynt, among others.
- Headquarter Ann Arbor, United States
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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 Plinqit, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.08 M (USD)
in 2 rounds
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Latest Funding Round
$5 M (USD), Series A
Feb 22, 2022
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Investors
FIS
& 5 more
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Employee Count
Employee Count
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Products & Services of Plinqit
Plinqit offers a comprehensive portfolio of products and services, including Plinqit App and Build Skills™. 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.
App for creating and tracking savings goals with rewards.
Feature for learning skills and earning rewards through saving.
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Funding Insights of Plinqit
Plinqit has successfully raised a total of $5.08M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in February 2022. 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 Series A — $5.0M
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First Round
First Round
(11 May 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Plinqit | Valuation | FINTOP , JAM FINTOP | |
| May, 2017 | Amount | Seed - Plinqit | Valuation |
investors |
| 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 Plinqit
Plinqit has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include FIS, FINTOP and JAM FINTOP. 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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Founded Year | Domain | Location | |
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Venture capital firm focused on banktech sectors
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Founded Year | Domain | Location | |
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Seed-focused venture capital firm investing in tech-based startups
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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 Plinqit
| 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 - Plinqit
| 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 |
Plinqit Comparisons
Competitors of Plinqit
Plinqit 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 Acorns, Grifin, Tranako, Dvdendo and Remynt, 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 |
App-based platform for spare change investment
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| domain | founded_year | HQ Location |
Provider of an investment platform that enables stock purchases through everyday spending
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| domain | founded_year | HQ Location |
Spare change from purchases is automatically invested in global assets.
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| domain | founded_year | HQ Location |
Dvdendo delivers digital investment tools and advisory services to support financial decision-making.
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| domain | founded_year | HQ Location |
Debt resolution and credit rebuilding services are offered to consumers.
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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 Plinqit
Frequently Asked Questions about Plinqit
When was Plinqit founded?
Plinqit was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Plinqit located?
Plinqit is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Is Plinqit a funded company?
Plinqit is a funded company, having raised a total of $5.08M across 2 funding rounds to date. The company's 1st funding round was a Seed of $75K, raised on May 11, 2017.
What does Plinqit do?
Plinqit was established in 2015 in Ann Arbor, United States, as a fintech platform focused on automated savings. Bank accounts are linked to the service, where small amounts are automatically transferred at set intervals according to user-defined goals. Operations are supported through a mobile app available on both Android and iOS devices, facilitating routine micro-deposits for personal financial management.
Who are the top competitors of Plinqit?
What products or services does Plinqit offer?
Plinqit offers Plinqit App and Build Skills™.
Who are Plinqit's investors?
Plinqit has 6 investors. Key investors include FIS, FINTOP, JAM FINTOP, Invest Detroit, and Michigan Rise.
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