About PractiFI
PractiFI is a company based in Sydney (Australia) founded in 2013.. PractiFI has raised $19.79 million across 3 funding rounds from investors including Updata Partners, Microequities and EVP. PractiFI offers products and services including CRM Platform, Automation Tools, and Integrations. PractiFI operates in a competitive market with competitors including Zafin, Computershare, Pegasystems, Talisma and PureFacts, among others.
- Headquarter Sydney, Australia
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Sectors
Financial ServicesTechnology
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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
$19.79 M (USD)
in 3 rounds
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Latest Funding Round
$16.3 M (USD), Series B
Jan 09, 2020
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Investors
Updata Partners
& 2 more
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Employee Count
Employee Count
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Products & Services of PractiFI
PractiFI offers a comprehensive portfolio of products and services, including CRM Platform, Automation Tools, and Integrations. 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.
Automates client management and compliance for financial advisors.
Streamlines workflows for dates, alerts, and marketing in one platform.
Connects with tools for enhanced visibility and organizational efficiency.
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Funding Insights of PractiFI
PractiFI has successfully raised a total of $19.79M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $16.3 million completed in January 2020. 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 Series B — $16.3M
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First Round
First Round
(14 Sep 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series B - PractiFI | Valuation | Updata Partners | |
| Aug, 2018 | Amount | Series A - PractiFI | Valuation | Microequities |
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| Sep, 2015 | Amount | Seed - PractiFI | 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 PractiFI
PractiFI has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Updata Partners, Microequities and EVP. 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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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by EVP.
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Founded Year | Domain | Location | |
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Asset management firm investing in microcap companies
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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 PractiFI
| 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 - PractiFI
| 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 |
Practifi Comparisons
Competitors of PractiFI
PractiFI 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 Zafin, Computershare, Pegasystems, Talisma and PureFacts, 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 |
Software solutions for relationship banking in financial services are delivered.
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| domain | founded_year | HQ Location |
Client communication solutions are delivered for capital markets stakeholders.
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| domain | founded_year | HQ Location |
Wealth management solutions via AI decisioning and automation are provided.
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| domain | founded_year | HQ Location |
Customer relationship management software is provided for omnichannel engagement.
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| domain | founded_year | HQ Location |
CRM solutions for wealth managers
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| domain | founded_year | HQ Location |
Provider of cloud-based customer experience management platform for payers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Practifi
Frequently Asked Questions about PractiFI
When was PractiFI founded?
PractiFI was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is PractiFI located?
PractiFI is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is PractiFI a funded company?
PractiFI is a funded company, having raised a total of $19.79M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.3M, raised on Sep 14, 2015.
What does PractiFI do?
Provider of wealth management CRM software for financial advisors. It offers a platform designed to address the specific challenges faced by financial advisory firms. The software includes features such as automated task management, compliance tracking, an open API for integrations, pipeline management, and workflow automation tools. It also provides robust reporting and analytics capabilities to support data-driven decision-making. The platform is designed to enhance client relationships through improved communication and personalized service. Development incorporates client feedback to ensure the software meets the evolving needs of the industry.
Who are the top competitors of PractiFI?
What products or services does PractiFI offer?
PractiFI offers CRM Platform, Automation Tools, and Integrations.
Who are PractiFI's investors?
PractiFI has 3 investors. Key investors include Updata Partners, Microequities, and EVP.
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