About Proviso
Proviso is a company based in Adelaide (Australia) founded in 2013 was acquired by illion in January 2018.. Proviso offers products and services including illion BankStatements, Open Banking solution, and StatementOCR. Proviso operates in a competitive market with competitors including Banked, Yodlee, Codat, Method and Quovo, among others.
- Headquarter Adelaide, Australia
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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 Illion Australia Pty Ltd
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Products & Services of Proviso
Proviso offers a comprehensive portfolio of products and services, including illion BankStatements, Open Banking solution, and StatementOCR. 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.
Retrieves and analyzes income and expenditure data for credit decisions.
Categorizes bank data for secure lending and verification processes.
Converts PDF statements into analyzable formats for fraud detection.
Funding Insights of Proviso
| 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 Proviso
Proviso has secured backing from 1 investor. Prominent investors backing the company include Experian. 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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Experian is recognized as a global leader in data and technology services.
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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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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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Investments & Acquisitions by Proviso
| 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 - Proviso
| 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 |
Proviso Comparisons
Competitors of Proviso
Proviso 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 Banked, Yodlee, Codat, Method and Quovo, 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 |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
Cloud-based data aggregation and analytics for financial institutions are offered.
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| domain | founded_year | HQ Location |
Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses
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| domain | founded_year | HQ Location |
API-enabled debt repayment tools are provided for financial services.
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| domain | founded_year | HQ Location |
Financial data aggregation and authentication APIs are provided.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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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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Frequently Asked Questions about Proviso
When was Proviso founded?
Proviso was founded in 2013.
Where is Proviso located?
Proviso is headquartered in Adelaide, Australia. It is registered at Adelaide, South Australia, Australia.
What does Proviso do?
Proviso provides a web-based solution retrieves borrowers bank statement data and sends it directly to the lender or broker. It helps lenders reduce abandonment, make loan decisions faster and accelerate customer acquisition. Bank statement retrieval service is Read Only and no account details are stored. Its APIs can be used for a variety of applications requiring financial data. It has also developed a proprietary categorisation engine for analysis of financial data. Its customers include ASX and NASDAQ listed lenders, banks and credit unions, private lenders, broker groups, Fintech innovators.
What products or services does Proviso offer?
Proviso offers illion BankStatements, Open Banking solution, and StatementOCR.
Who are Proviso's investors?
Proviso has 1 investor. Key investors include Experian.
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