About Quovo
Quovo is a company based in New York (United States) founded in 2010 was acquired by Plaid in January 2019.. Quovo has raised $16.15 million across 5 funding rounds from investors including Plaid, Napier Park Global Capital and Portage. The company has 55 employees as of December 31, 2017. Quovo operates in a competitive market with competitors including Codat, Banked, Yodlee, Bud and Method, among others.
- Headquarter New York, United States
- Employees 55 as on 31 Dec, 2017
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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 Quovo, Inc.
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Software Development Team
50 people
Product Management Team
20 people
Legal and Compliance
15 people
Finance and Accounting
13 people
Human Resources and Administration
12 people
Operations Team
12 people
Sales and Marketing
9 people
Head Team
7 people
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Funding Insights of Quovo
Quovo has successfully raised a total of $16.15M across 5 strategic funding rounds. 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 5
- Last Round Last Round
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series B - Quovo | Valuation | Portage | |
| Apr, 2017 | Amount | Series B - Quovo | Valuation | F-Prime Capital , Napier Park Global Capital | |
| Jul, 2015 | Amount | Series A - Quovo | Valuation | FinTech Collective |
| 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 Quovo
Quovo has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Plaid, Napier Park Global Capital and Portage. 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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A global fintech and financial services investment platform is operated.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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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 Quovo
| 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 - Quovo
| 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 |
Quovo Comparisons
Competitors of Quovo
Quovo 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 Codat, Banked, Yodlee, Bud and Method, 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 |
Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses
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| 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 |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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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 |
open banking API 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 Quovo
Frequently Asked Questions about Quovo
When was Quovo founded?
Quovo was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Quovo located?
Quovo is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Quovo a funded company?
Quovo is a funded company, having raised a total of $16.15M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.75M, raised on Jun 01, 2013.
How many employees does Quovo have?
As of Dec 31, 2017, the latest employee count at Quovo is 55.
What does Quovo do?
Quovo offers data aggregation and account authentication APIs. The platform aggregates financial data from bank, brokerages, credit cards, and other sources. Financial institutions and fintech companies can view transaction history and accounts of customers. Offers PFM platform that enables financial advisors to monitor clients portfolio. Businesses can also connect with bank accounts and verify key account information to set up ACH payments and transfers.
Who are Quovo's investors?
Quovo has 13 investors. Key investors include Plaid, Napier Park Global Capital, Portage, IGM Financial, and Great-West Lifeco.
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