About Provident Funding
Provident Funding is a company based in San Bruno (United States) founded in 1992.. The company has 456 employees as of December 31, 2022. Provident Funding operates in a competitive market with competitors including Embrace Home Loans, Janover, Liberty SBF, AssetAvenue and Plum, among others.
- Headquarter San Bruno, United States
- Employees 456 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
*********
- Legal Name Provident Funding Associates, L.P.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$2.86 M (USD), Debt – Conventional
Sep 30, 2017
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Investors
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Employee Count
456
as on Dec 31, 2022
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Funding Insights of Provident Funding
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $2.9M
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First Round
First Round
(30 Sep 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Debt – Conventional - Provident Funding | 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 |
Investments & Acquisitions by Provident Funding
| 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 - Provident Funding
| 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 |
Provident Funding Comparisons
Competitors of Provident Funding
Provident Funding 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 Embrace Home Loans, Janover, Liberty SBF, AssetAvenue and Plum, 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 |
Serves as a direct lender for omnichannel mortgage loans.
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| domain | founded_year | HQ Location |
Commercial property financing and real estate solutions are provided by Janover.
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| domain | founded_year | HQ Location |
SME loans are provided to small and medium enterprises.
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| domain | founded_year | HQ Location |
Operates a digital marketplace for commercial mortgage loans.
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| domain | founded_year | HQ Location |
Plum is focused on innovative wine preservation 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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Latest news on Provident Funding
Frequently Asked Questions about Provident Funding
When was Provident Funding founded?
Provident Funding was founded in 1992 and raised its 1st funding round 25 years after it was founded.
Where is Provident Funding located?
Provident Funding is headquartered in San Bruno, United States. It is registered at San Bruno, California, United States.
How many employees does Provident Funding have?
As of Dec 31, 2022, the latest employee count at Provident Funding is 456.
What does Provident Funding do?
Provident Funding is a direct lender for mortgage loans in the US. It originates and services first mortgages and also offers refinancing solutions. The company sells its loans to banks and government chartered entities. The company claims to be having a portfolio of 60 Billion and nearly 300,000 customers as of Oct. 2016. The company operates with over 50 offices across the US. The borrower can apply manage loans online as well as on mobile app or through a customer executive.
Who are the top competitors of Provident Funding?
Provident Funding's top competitors include Janover, Plum and Liberty SBF.