About RACQ
RACQ is a company based in Brisbane (Australia) founded in 1905. It operates as a B2C, and Subscription-based. RACQ offers products and services including Roadside Assistance, Car Insurance, Banking Accounts, and Travel Insurance. RACQ operates in a competitive market with competitors including National Australia Bank, CommBank, Investec, Scotiabank and Macquarie Group, among others.
- Headquarter Brisbane, 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 Racq Operations Pty Ltd
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Annual Revenue
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Products & Services of RACQ
RACQ offers a comprehensive portfolio of products and services, including Roadside Assistance, Car Insurance, Banking Accounts, and Travel Insurance. 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.
Service for vehicle breakdowns and assistance via app.
Coverage for vehicles against accidents and theft.
Accounts for savings and transactions with bonus interest.
Protection for domestic and international trips.
Funding Insights of RACQ
| 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 |
Investments & Acquisitions by RACQ
| 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 - RACQ
| 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 |
Racq Comparisons
Competitors of RACQ
RACQ 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 National Australia Bank, CommBank, Investec, Scotiabank and Macquarie Group, 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 |
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Banking and financial services are provided to consumers and businesses.
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Retail, business, and institutional banking services are offered in Australia.
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Global banking, investment, and wealth management services are offered worldwide.
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Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
A global financial services organization with Australian heritage is operated.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Racq
Frequently Asked Questions about RACQ
When was RACQ founded?
RACQ was founded in 1905.
Where is RACQ located?
RACQ is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
What does RACQ do?
RACQ is a membership organization in Australia that delivers roadside assistance, various insurance products like car and home coverage, banking services including loans and accounts, and travel support through apps and online platforms. It serves Queenslanders and other Australians, focusing on everyday needs such as vehicle repairs, financial products, and member discounts, while emphasizing community and sustainability initiatives.
Who are the top competitors of RACQ?
RACQ's top competitors include Investec, National Australia Bank and Scotiabank.
What products or services does RACQ offer?
RACQ offers Roadside Assistance, Car Insurance, Banking Accounts, and Travel Insurance.