About Qwil
Qwil is a Financial Services company based in San Francisco (United States) founded in 2000 by Trevor Branon, and was acquired by LSQ in May 2022. It operates as an invoice financing is facilitated via an online marketplace platform. It operates in the Financial Services and Technology sectors. Qwil has raised $29.53 million across 4 funding rounds from investors including SVB, NextGen Healthcare Information Systems and LSQ. The company has 1 employees. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity is QWILL, INC. Its competitors include Earnin, Nvoicepay, LSQ, LiquidX and Candex and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Qwil was founded in 2000 in San Francisco, United States, operating in the fintech sector. An online platform is provided for invoice financing, alongside a payment gateway for client transactions. Digital media financing is offered to industries including advertising, gaming, publishing, and e-sports. Early payments to businesses are enabled through these services.
Funding Insights of Qwil
Qwil has successfully raised a total of $29.53M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $24.4 million completed in December 2019. 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 $29.53M
- Total Rounds 4
- Last Round Series B — $24.4M
- First Round $125,000
(Jan 2016)
- Investors Count 12
All 4 funding rounds of Qwil with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2019 | $200M | Debt – Conventional | – | – | |
| Dec 2019 | $24.4M | Series B | – | PeakSpan | |
| Apr 2018 | $5M | Series A | – | Mosaik | |
| Jan 2016 | $125,000 | Seed | – | 500 Global | – |
13 investors in total: 11 institutional and 2 angel.
Investors in Qwil
Qwil has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SVB, NextGen Healthcare Information Systems and LSQ.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on B2B software growth-stage companies. | – | peakspancapital.com | - | |
Capital is invested in enterprise financial technology businesses. | – | mosaikpartners.com | San Francisco, United States | |
Reciprocal Ventures is focused on investing in crypto founders. | – | recvc.com | New York, United States | |
Seed stage tech-focused VC firm investing primarily in the US | – | cantos.vc | San Francisco, United States | |
Ranch Ventures is engaged in early stage investments for startups. | – | ranch.vc | San Francisco, USA | |
Venture capital and acceleration are provided to tech startups. | – | 500.co | Ho Chi Minh City, Vietnam | |
Merger and acquisitions advisory services are provided across multiple sectors. | 1962 | jefferies.com | New York, United States | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Cloud-based administration solutions for healthcare providers are delivered. | 1974 | nextgen.com | Horsham, United States | |
Mobile network intelligence tools are supplied to operators and providers. | 1988 | mosaik.com | Memphis, United States |
Investor details for Qwil
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People of Qwil
1 people are tracked at Qwil (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Trevor Branon | Co-Founder & President | Leadership |
Complete people profiles for Qwil
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Qwil
4 dated milestones of Qwil across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Qwil is founded.
- Funding First funding round of $125K.
- Funding Latest funding round, Series B, of $24.4M.
- Exit Acquired by LSQ.
Competitors of Qwil
Qwil has 9 listed competitors in our database, 8 of them funded. They include Earnin, Nvoicepay, LSQ, LiquidX and Candex, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. | |
| nvoicepay.com | 2009 | Beaverton, United States | $28.79M | 118 | AP automation, commercial cards, and cross-border payments are provided. | |
| lsq.com | 1996 | Orlando, United States | $130M | 130 | Trade financing loans are facilitated via an online marketplace. | |
| liquidx.com | 2015 | New York, United States | $65.01M | – | Provider of a blockchain-enabled marketplace for trade finance assets and supply chain financing | |
| candex.com | 2011 | San Francisco, United States | $113.5M | – | Invoices are financed via an online platform for business payments. | |
| recx.com | 2007 | New Orleans, United States | $24.75M | – | Commercial receivables are auctioned to investors for business financing. | |
| kountable.com | 2013 | San Francisco, United States | $26.57M | – | Online trade financing is provided to SMEs in developing countries. | |
| p2bi.com | 2012 | Denver, United States | $17.56M | – | Crowdlending platform for receivables-secured loans to SMBs. | |
| shengyecapital.com | 2013 | Shenzhen, China | – | – | Supply chain financing is facilitated through an online marketplace platform. |
Detailed competitors of Qwil
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Web traffic of Qwil
The website of Qwil (qwil.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▼ 54.1% vs previous month
Top companies in Alternative Lending
10 companies that operate in the same segment as Qwil (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Qwil
Complete news archive for Qwil
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Frequently Asked Questions about Qwil
Qwil was founded in 2000 and raised its 1st funding round 16 years after it was founded.
Qwil is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Qwil is a funded company, having raised a total of $29.53M across 4 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jan 2016.
Qwil has 1 employees.
Qwil was founded in 2000 in San Francisco, United States, operating in the fintech sector. An online platform is provided for invoice financing, alongside a payment gateway for client transactions. Digital media financing is offered to industries including advertising, gaming, publishing, and e-sports. Early payments to businesses are enabled through these services.
Qwil has 13 investors. Key investors include SVB, NextGen Healthcare Information Systems, LSQ, Jefferies, and Mosaik.
Qwil operates through Qwill, Inc..
Yes. Qwil was acquired by LSQ in May 2022.