About Progeny
Progeny is a company based in London (United Kingdom) founded in 2016 by Julie Whyman and Stef Gorman was acquired by Further Global Capital Management in October 2021.. Progeny has completed 16 acquisitions, including Affinity IFA, Balmoral Asset Management and Carbon Financial. Progeny offers products and services including Financial Planning, Asset Management, Tax Services, and Legal Services. Progeny operates in a competitive market with competitors including Investec, Aviva, Schroders, FNZ and HSBC, among others.
- Headquarter London, United Kingdom
- Founders Julie Whyman, Stef Gorman
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Progeny Wealth Limited
- Date of Incorporation 09 Jan, 1979
- Jurisdiction LEEDS, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Affinity IFA
& 15 more
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Acquired by
Further Global Capital Management
(Oct 29, 2021)
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Products & Services of Progeny
Progeny offers a comprehensive portfolio of products and services, including Financial Planning, Asset Management, Tax Services, and Legal Services. 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.
Offers personalized financial advice for wealth growth and protection.
Provides tailored investment solutions for individual circumstances.
Handles compliance and planning for tax returns and structuring.
Delivers advice on contracts, estates, and business matters.
Funding Insights of Progeny
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Progeny
Progeny has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Further Global Capital Management. 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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Capital management services are offered to financial services industry.
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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 Progeny
Progeny has strategically engaged in corporate development activities, having acquired 16 companies. Notable acquisitions include Affinity IFA, Balmoral Asset Management and Carbon Financial. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Recruitment, performance management, learning, and HR consulting services are provided.
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2013 | ||||
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Wealth management firm
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2012 | ||||
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Financial planning, investment management, and retirement services are provided.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Progeny
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Progeny Comparisons
Competitors of Progeny
Progeny 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 Investec, Aviva, Schroders, FNZ and HSBC, 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 |
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Insurance and asset management services are offered in multiple regions.
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| domain | founded_year | HQ Location |
Investment management and wealth management services are provided to clients.
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered for asset managers.
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| domain | founded_year | HQ Location |
Universal banking and financial advisory services are provided globally.
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| domain | founded_year | HQ Location |
Platform offering business intelligence solutions that combine data and actionable analytics for clients
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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 Progeny
Frequently Asked Questions about Progeny
When was Progeny founded?
Progeny was founded in 2016.
Where is Progeny located?
Progeny is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What does Progeny do?
Progeny was established in 2016 in London, United Kingdom, within the financial and legal sectors. Services encompass financial planning, wealth management, legal advisory, and asset management, directed toward corporate entities and family businesses. Operations focus on delivering integrated solutions for financial strategy and legal support, with a base in the UK market.
Who are the top competitors of Progeny?
Progeny's top competitors include Investec, Goldman Sachs and HSBC.
What products or services does Progeny offer?
Progeny offers Financial Planning, Asset Management, Tax Services, and Legal Services.
How many acquisitions has Progeny made?
Progeny has made 16 acquisitions, including Affinity IFA, Balmoral Asset Management, and Carbon Financial.
Who are Progeny's investors?
Progeny has 1 investor. Key investors include Further Global Capital Management.