About Powered by Grow
Powered by Grow is a company based in Vancouver (Canada) founded in 2014 was acquired by ATB Financial in November 2019.. Powered by Grow has raised $20.4 million across 4 funding rounds from investors including ATB Financial and Rhino Ventures. The company has 4 employees as of December 31, 2024. Powered by Grow operates in a competitive market with competitors including Upgrade, Mogo, Fairstone, Grow and goPeer, among others.
- Headquarter Vancouver, Canada
- Employees 4 as on 31 Dec, 2024
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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
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Net Profit
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EBITDA
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Total Equity Funding
$20.4 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
ATB Financial
& 1 more
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Employee Count
4
as on Dec 31, 2024
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Acquired by
ATB Financial
(Nov 08, 2019)
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Funding Insights of Powered by Grow
Powered by Grow has successfully raised a total of $20.4M across 4 strategic funding rounds. 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 4
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series A - Powered by Grow | Valuation |
investors |
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| Aug, 2015 | Amount | Series A - Powered by Grow | Valuation |
investors |
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| Aug, 2015 | Amount | Unspecified - Powered by Grow | 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 |
Investors in Powered by Grow
Powered by Grow has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include ATB Financial and Rhino 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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Early-stage venture capital funding is provided by Rhino Ventures.
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Founded Year | Domain | Location | |
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Community banking services are provided by ATB Financial in Canada.
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Powered by Grow
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - Powered by Grow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Powered By Grow Comparisons
Competitors of Powered by Grow
Powered by Grow 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 Upgrade, Mogo, Fairstone, Grow and goPeer, 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 |
Consumer credit and banking products are offered to individuals.
|
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| domain | founded_year | HQ Location |
Personal loans and lines of credit are provided by Mogo.
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| domain | founded_year | HQ Location |
Diversified lending services are offered by Fairstone as an NBFI.
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| domain | founded_year | HQ Location |
Business intelligence software is provided for data-driven insights.
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| domain | founded_year | HQ Location |
Personal loans are facilitated via a peer-to-peer marketplace.
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| domain | founded_year | HQ Location |
Education financing is delivered via online student lending solutions.
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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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Frequently Asked Questions about Powered by Grow
When was Powered by Grow founded?
Powered by Grow was founded in 2014.
Where is Powered by Grow located?
Powered by Grow is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Powered by Grow a funded company?
Powered by Grow is a funded company, having raised a total of $20.4M across 4 funding rounds to date. The company's 1st funding round was a Unspecified of $10.2M, raised on Sep 30, 2014.
How many employees does Powered by Grow have?
As of Dec 31, 2024, the latest employee count at Powered by Grow is 4.
What does Powered by Grow do?
Grow (Previously known as Grouplend) was an online provider of unsecured personal loans. It offered loans of up to 30,000 for 3 years at an interest rate that varies between 5.9 to 17.5. It required the borrower to be a Canadian citizen with a 3 year credit history, a minimum FICO score of 690 and permanent employment with a minimum gross salary of 30,000. In November 2015, GroupLend re-branded to Grow Financial. Grow has stopped lending business and is instead focussing on partnering with financial institutions to provide them with their lending and underwriting technology.
Who are the top competitors of Powered by Grow?
Who are Powered by Grow's investors?
Powered by Grow has 2 investors. Key investors include ATB Financial, and Rhino Ventures.