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
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$20.4 M (USD)
in 4 rounds
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Latest Funding Round
Not available
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital funding is provided by Rhino Ventures.
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Community banking services are provided by ATB Financial in Canada.
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Investor details for Powered by Grow
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Investments & Acquisitions by Powered by Grow
Investment portfolio details for Powered by Grow
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Financial Statements - Powered by Grow
Detailed financials for Powered by Grow
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Powered By Grow Comparisons
Peer comparison for Powered by Grow
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Consumer credit and banking products are offered to individuals.
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Personal loans and lines of credit are provided by Mogo.
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Diversified lending services are offered by Fairstone as an NBFI.
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Business intelligence software is provided for data-driven insights.
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Personal loans are facilitated via a peer-to-peer marketplace.
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Education financing is delivered via online student lending solutions.
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Detailed competitors of Powered by Grow
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Latest news on Powered By Grow
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Frequently Asked Questions about Powered by Grow
Powered by Grow was founded in 2014.
Powered by Grow is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Powered by Grow is a funded company, having raised a total of $20.4M across 4 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Powered by Grow is 4.
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.
Powered by Grow has 2 investors. Key investors include ATB Financial, and Rhino Ventures.