Raindrop

London, United Kingdom Founded: 2020 • Age: 6 yrs
Retirement planning solutions are offered for self-employed individuals.
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About Raindrop

Raindrop is a company based in London (United Kingdom) founded in 2020 by Marco Ross, Philip Daniel Fortio, and Vivan Shridharani. It operates as a FinTech, and API-as-a-Product. Raindrop has raised $827.69 thousand across 1 funding round. The company has 16 employees as of March 31, 2022. Raindrop offers products and services including Pension Finding and Letter of Authority. Raindrop operates in a competitive market with competitors including PensionBee, Penfold, Boring Money and Atlas Mastertrust, among others.

  • Headquarter London, United Kingdom
  • Employees 16 as on 31 Mar, 2022
  • Founders Marco Ross, Philip Daniel Fortio, Vivan Shridharani
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Raindrop Technologies Holdings Ltd
Operational Areas
Technology → Marketing, Adtech & Commerce Technology → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $827.69 K (USD)

    in 1 rounds

  • Latest Funding Round
    $827.69 K (USD), Seed

    Oct 14, 2022

  • Investors
  • Employee Count
    16

    as on Mar 31, 2022

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Products & Services of Raindrop

Raindrop offers a comprehensive portfolio of products and services, including Pension Finding and Letter of Authority. 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.

Primary

Pensions are traced automatically using employer data efficiently.

Branded portal is provided for tracking authority letters.

Funding Insights of Raindrop

Raindrop has successfully raised a total of $827.69K through 1 strategic funding round. The most recent funding activity was a Seed round of $827.69 thousand completed in October 2022. 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 Rounds 1
  • Last Round Seed — $827,695
  • First Round

    (14 Oct 2022)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2022 Amount Seed - Raindrop Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investments & Acquisitions by Raindrop

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Raindrop

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Raindrop Comparisons

Employees
+
Add Comparison
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Competitors of Raindrop

Raindrop 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 PensionBee, Penfold, Boring Money and Atlas Mastertrust, 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
PensionBee
domain founded_year HQ Location
Automated pension consolidation platform
Penfold
domain founded_year HQ Location
A mobile platform is utilized for pension setup and management.
Boring Money
domain founded_year HQ Location
Investment management firm
Atlas Mastertrust
domain founded_year HQ Location
A web-based platform for retirement savings and management is provided.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Raindrop

Frequently Asked Questions about Raindrop

When was Raindrop founded?

Raindrop was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Raindrop located?

Raindrop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.

Who is the current CEO of Raindrop?

Marco Ross is the current CEO of Raindrop. They have also founded this company.

Is Raindrop a funded company?

Raindrop is a funded company, having raised a total of $827.69K across 1 funding round to date. The company's 1st funding round was a Seed of $827.69K, raised on Oct 14, 2022.

How many employees does Raindrop have?

As of Mar 31, 2022, the latest employee count at Raindrop is 16.

What does Raindrop do?

Raindrop is focused on providing innovative pension tracing technology and financial solutions. Services are offered to pension providers, fintechs, and financial advisers through automated processes. Integration is enabled via API or white-label solutions. The company operates in the financial sector, emphasizing privacy and data protection. Partnerships with major firms like AJ Bell, Standard Life, and Monzo are maintained to enhance customer reach and service delivery.

Who are the top competitors of Raindrop?

Raindrop's top competitors include PensionBee, Penfold and Boring Money.

What products or services does Raindrop offer?

Raindrop offers Pension Finding and Letter of Authority.

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