About Point Digital Finance
Point Digital Finance is a company based in Palo Alto (United States) founded in 2015.. Point Digital Finance has raised $245.65 million across 5 funding rounds from investors including Prudential, Enterprise Community and Palisades Group. The company has 144 employees as of December 31, 2022. Point Digital Finance operates in a competitive market with competitors including MassMutual, American Family Insurance, Thrivent, Milliman and Duff & Phelps, among others.
- Headquarter Palo Alto, United States
- Employees 144 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$24.51 K (USD)85as on Dec 31, 2020
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Net Profit
$2.65 K (USD)1783as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$245.65 M (USD)
in 5 rounds
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Latest Funding Round
$115 M (USD), Series C
May 03, 2022
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Investors
Prudential
& 15 more
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Employee Count
144
as on Dec 31, 2022
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Software Development Team
24 people
Operations Team
17 people
Product Management Team
12 people
Sales and Marketing
6 people
Data Analysis and Operations Team
6 people
Account Team
2 people
Creative and Marketing Team
1 people
Investor Team
1 people
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Funding Insights of Point Digital Finance
Point Digital Finance has successfully raised a total of $245.65M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $115 million completed in May 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 5
- Last Round Series C — $115.0M
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series C - Point Digital Finance | Valuation | WestCap | |
| Mar, 2019 | Amount | Series B - Point Digital Finance | Valuation | Prudential , DAG Ventures | |
| Jun, 2017 | Amount | Series A - Point Digital Finance | Valuation | Financial Solutions Lab |
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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 Point Digital Finance
Point Digital Finance has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Prudential, Enterprise Community and Palisades Group. 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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Venture capital investments are directed toward multiple sectors by WestCap.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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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 Point Digital Finance
| 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 - Point Digital Finance
| 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 |
Point Digital Finance Comparisons
Competitors of Point Digital Finance
Point Digital Finance 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 MassMutual, American Family Insurance, Thrivent, Milliman and Duff & Phelps, 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 |
Mutual life insurance company
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| domain | founded_year | HQ Location |
Personal and business insurance products are provided nationwide.
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| domain | founded_year | HQ Location |
Financial services are offered by Thrivent as a not-for-profit entity.
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| domain | founded_year | HQ Location |
Milliman is engaged in actuarial consulting and analytics solutions.
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| domain | founded_year | HQ Location |
Financial and risk advisory solutions are provided globally.
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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 Point Digital Finance
Frequently Asked Questions about Point Digital Finance
When was Point Digital Finance founded?
Point Digital Finance was founded in 2015.
Where is Point Digital Finance located?
Point Digital Finance is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Point Digital Finance a funded company?
Point Digital Finance is a funded company, having raised a total of $245.65M across 5 funding rounds to date. The company's 1st funding round was a Series A of $250K, raised on Jun 01, 2015.
How many employees does Point Digital Finance have?
As of Dec 31, 2022, the latest employee count at Point Digital Finance is 144.
What is the annual revenue of Point Digital Finance?
Annual revenue of Point Digital Finance is $24.51K as on Dec 31, 2020.
What does Point Digital Finance do?
Point Digital Finance was founded in 2015 in Palo Alto, United States, as a fintech platform in the home equity lending sector. Homeowners are enabled to exchange fractional shares of their property equity for loans usable for diverse needs, without monthly interest payments. Revenue is generated through property value appreciation. Loan amounts are determined via online user details, on-site appraisals, third-party automated valuation models, and proprietary algorithms.
Who are the top competitors of Point Digital Finance?
Point Digital Finance's top competitors include MassMutual, American Family Insurance and Thrivent.
Who are Point Digital Finance's investors?
Point Digital Finance has 16 investors. Key investors include Prudential, Enterprise Community, Palisades Group, Redwood Trust, and Ribbit Capital.
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