About Purchasing Power
Purchasing Power is a company based in Atlanta (United States) founded in 2001 was acquired by PROG Holdings in December 2025.. The company has 243 employees as of December 31, 2022. Purchasing Power has completed 1 acquisition, including DoubleNet Pay. Purchasing Power operates in a competitive market with competitors including Kashable, HoneyBee, VIVA Finance, Pesachoice and Clockout, among others.
- Headquarter Atlanta, United States
- Employees 243 as on 31 Dec, 2022
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Purchasing Power Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$120 M (USD), Debt – Conventional
Jul 07, 2022
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Investors
Crestline
& 5 more
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Employee Count
243
as on Dec 31, 2022
- Investments & Acquisitions
- Acquired by
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Funding Insights of Purchasing Power
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $120.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Debt – Conventional - Purchasing Power | Valuation |
investors |
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| Jan, 2016 | Amount | Debt – Venture - Purchasing Power | 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 Purchasing Power
Purchasing Power has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Crestline, Flexpoint Ford and PROG Holdings. 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 and credit investment services for North American middle-market companies.
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Founded Year | Domain | Location | |
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Rockbridge Growth Equity is focused on building distinctive companies.
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Founded Year | Domain | Location | |
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Strategic acquisitions are targeted by this private equity firm.
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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 Purchasing Power
Purchasing Power has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DoubleNet Pay. 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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Employer-enabled platform for automated bill tracking and savings progress.
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2013 |
| 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 - Purchasing Power
| 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 |
Purchasing Power Comparisons
Competitors of Purchasing Power
Purchasing Power 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 Kashable, HoneyBee, VIVA Finance, Pesachoice and Clockout, 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 |
Employee financing solutions are offered as voluntary employer benefits.
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| domain | founded_year | HQ Location |
Online platform for earned wages
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| domain | founded_year | HQ Location |
Online platform for salary-linked loans
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| domain | founded_year | HQ Location |
Online platform for payday loans
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| domain | founded_year | HQ Location |
Earned wage access solutions are provided to 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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Latest news on Purchasing Power
Frequently Asked Questions about Purchasing Power
When was Purchasing Power founded?
Purchasing Power was founded in 2001 and raised its 1st funding round 15 years after it was founded.
Where is Purchasing Power located?
Purchasing Power is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
How many employees does Purchasing Power have?
As of Dec 31, 2022, the latest employee count at Purchasing Power is 243.
What does Purchasing Power do?
Founded in 2001 and based in Atlanta, United States, Purchasing Power operates as an e-commerce platform in the employee benefits sector. Big-ticket consumer goods, vacation packages, and educational services are offered to employees without credit checks, with payments deducted automatically from paychecks. A 127 million credit facility was secured in 2011 from Rockbridge Equity and Falcon Investments to support operations.
Who are the top competitors of Purchasing Power?
How many acquisitions has Purchasing Power made?
Purchasing Power has made 1 acquisition, including DoubleNet Pay.
Who are Purchasing Power's investors?
Purchasing Power has 6 investors. Key investors include Crestline, Flexpoint Ford, PROG Holdings, Falcon Investment Advisors, and Comvest Partners.