About Rate
Rate is a company based in Chicago (United States) founded in 2000 by Victor Ciardelli. It operates as a Commission-Based, and Brokerage / Intermediation. The company has 9,261 employees as of December 31, 2021. Rate has completed 4 acquisitions, including Attorneys' Title Guaranty Fund, Owning and Premia Relocation Mortgage. Rate offers products and services including Mortgage Loans, Refinance Options, and Home Equity Loans. Rate operates in a competitive market with competitors including Freedom Mortgage, Wintrust, American Advisors Group, Motilal Oswal Financial Services and Lendmark Financial, among others.
- Headquarter Chicago, United States
- Employees 9261 as on 31 Dec, 2021
- Founders Victor Ciardelli
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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 Guaranteed Rate, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
9261
as on Dec 31, 2021
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Investments & Acquisitions
Attorneys' Title Guaranty Fund
& 3 more
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Products & Services of Rate
Rate offers a comprehensive portfolio of products and services, including Mortgage Loans, Refinance Options, and Home Equity Loans. 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.
Mortgage loans are provided for home buying needs.
Refinance options are offered for existing mortgage holders.
Home equity loans are available for property owners.
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Leadership Team
229 people
Software Development Team
55 people
Sales and Marketing
42 people
Product Management Team
30 people
Operations Team
15 people
Legal and Compliance
15 people
Finance and Accounting
13 people
Senior Team
10 people
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Funding Insights of Rate
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2017 | Amount | Private Equity Round - Rate | Valuation |
investors |
| 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 |
Investors in Rate
Rate has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Thomas H Lee Partners. 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 investments are directed toward traditional industries.
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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 Rate
Rate has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Attorneys' Title Guaranty Fund, Owning and Premia Relocation Mortgage. 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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Provider of real estate brokerage services
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2018 | ||||
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Mortgage lending services are provided by Stearns to U.S. customers.
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1989 | ||||
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Home loans for relocation purposes are provided to clients nationwide.
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1987 |
| 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 - Rate
| 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 |
Rate Comparisons
Competitors of Rate
Rate 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 Freedom Mortgage, Wintrust, American Advisors Group, Motilal Oswal Financial Services and Lendmark Financial, 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 |
Mortgage services are provided for home purchases and refinancing options.
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| domain | founded_year | HQ Location |
Bank offering diversified financial services
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| domain | founded_year | HQ Location |
Reverse mortgage loans provider
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| domain | founded_year | HQ Location |
Diversified investment and advisory services are provided to clients.
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| domain | founded_year | HQ Location |
Auto and personal loans are provided to customers nationwide.
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| domain | founded_year | HQ Location |
Residential mortgage loans are provided for home financing needs.
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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 Rate
Frequently Asked Questions about Rate
When was Rate founded?
Rate was founded in 2000 and raised its 1st funding round 17 years after it was founded.
Where is Rate located?
Rate is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Rate?
Victor Ciardelli is the current CEO of Rate. They have also founded this company.
How many employees does Rate have?
As of Dec 31, 2021, the latest employee count at Rate is 9,261.
What does Rate do?
Rate is engaged in offering mortgage loans, refinancing options, and home equity solutions. Services are tailored for first-time homebuyers, investors, and existing homeowners across various financial needs. Tools like affordability calculators and pre-approval processes are provided to assist clients. The company operates in the financial sector, focusing on home buying and property financing solutions.
Who are the top competitors of Rate?
Rate's top competitors include Wintrust, Freedom Mortgage and Lendmark Financial.
What products or services does Rate offer?
Rate offers Mortgage Loans, Refinance Options, and Home Equity Loans.
How many acquisitions has Rate made?
Rate has made 4 acquisitions, including Attorneys' Title Guaranty Fund, Owning, and Premia Relocation Mortgage.
Who are Rate's investors?
Rate has 1 investor. Key investors include Thomas H Lee Partners.