About RateHub
RateHub is a company based in Toronto (Canada) founded in 2010 was acquired by Novacap in July 2022.. RateHub has raised $12 million across 2 funding rounds from investors including NovaCap, National Research Council Canada and Simon Nixon. RateHub offers products and services including Mortgage Comparator, Credit Card Comparator, Banking Product Comparator, and Insurance Comparator. RateHub operates in a competitive market with competitors including Hardbacon, Lowest Rates, GreedyRates, Link2Lenders and Spring Financial, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Ratehub Inc.
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Products & Services of RateHub
RateHub offers a comprehensive portfolio of products and services, including Mortgage Comparator, Credit Card Comparator, Banking Product Comparator, and Insurance Comparator. 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.
Tool for comparing and applying to mortgage rates online.
Platform for selecting and applying credit cards based on rewards.
Service to compare savings and chequing accounts from various providers.
System for evaluating auto, home, and life insurance options online.
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Funding Insights of RateHub
RateHub has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in January 2018. 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 2
- Last Round Series A — $12.0M
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First Round
First Round
(09 Aug 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series A - RateHub | Valuation | Elephant Venture Capital | |
| Aug, 2016 | Amount | Grant - RateHub | Valuation |
investors |
| 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 RateHub
RateHub has secured backing from 4 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include NovaCap, National Research Council Canada and Simon Nixon. 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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Venture capital firm dealing with enterprise software, consumer internet, and mobile markets.
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Founded Year | Domain | Location | |
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Acquisitions are targeted by Novacap, a private equity firm.
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Founded Year | Domain | Location | |
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Scientific and technological research is conducted for Canada's benefit.
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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 RateHub
| 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 - RateHub
| 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 |
Ratehub Comparisons
Competitors of RateHub
RateHub 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 Hardbacon, Lowest Rates, GreedyRates, Link2Lenders and Spring 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 |
Financial products are compared through a mobile app for individuals.
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| domain | founded_year | HQ Location |
Comparison platform for financial products
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| domain | founded_year | HQ Location |
Credit card comparison platform
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| domain | founded_year | HQ Location |
Online comparison platform for consumer loans
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| domain | founded_year | HQ Location |
Serves as a platform for comparing various financial products.
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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 Ratehub
Frequently Asked Questions about RateHub
When was RateHub founded?
RateHub was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is RateHub located?
RateHub is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is RateHub a funded company?
RateHub is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Grant of $375.93K, raised on Aug 09, 2016.
What does RateHub do?
RateHub was founded in 2010 in Toronto, Canada, and operates in the financial services sector as a comparison platform. Mortgages are primarily compared, alongside credit cards and other products, by aggregating results from leading market providers based on user-provided details. Optimal alternatives are thereby presented to users, with a reported monthly user base exceeding 300,000. The platforms domain is ratehub.ca.
Who are the top competitors of RateHub?
RateHub's top competitors include Hardbacon, GreedyRates and Lowest Rates.
What products or services does RateHub offer?
RateHub offers Mortgage Comparator, Credit Card Comparator, Banking Product Comparator, and Insurance Comparator.
Who are RateHub's investors?
RateHub has 4 investors. Key investors include NovaCap, National Research Council Canada, Simon Nixon, and Elephant Elephant.