About Reeelit
Reeelit is a company based in Los Angeles (United States) founded in 2016 by Daniela Corrente was acquired by SUMA in February 2023.. Reeelit operates in a competitive market with competitors including Carbeeza, spave, Satochi, Money Clouds and InspirAVE, among others.
- Headquarter Los Angeles, United States
- Founders Daniela Corrente
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Sectors
Technology
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Email
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Phone
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Website
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Social
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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
Employee Count
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Acquired by
SUMA
(Feb 07, 2023)
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Funding Insights of Reeelit
| 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 Reeelit
Reeelit has secured backing from 1 investor. Prominent investors backing the company include SUMA Wealth. 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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App-based financial planning and advisory services for individuals are provided.
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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 Reeelit
| 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 - Reeelit
| 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 |
Reeelit Comparisons
Competitors of Reeelit
Reeelit 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 Carbeeza, spave, Satochi, Money Clouds and InspirAVE, 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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| domain | founded_year | HQ Location |
App-based savings platform for consumer goods
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| domain | founded_year | HQ Location |
Micro-investments are facilitated through card-linked savings on an iOS app.
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| domain | founded_year | HQ Location |
Offers a spare change investment app for users.
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| domain | founded_year | HQ Location |
Money Cloud is a free iOS app that helps you deposit & set aside funds for each of your financial goals.
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| domain | founded_year | HQ Location |
Funds are accumulated for big purchases through savings and discounts.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Reeelit
Frequently Asked Questions about Reeelit
When was Reeelit founded?
Reeelit was founded in 2016.
Where is Reeelit located?
Reeelit is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
What does Reeelit do?
Reeelit was founded in 2016 in Los Angeles, United States, as a fintech platform focused on savings management. Bank accounts are synced by users to establish weekly or monthly contributions toward selected items such as clothing or furniture. Progress is tracked automatically, with orders placed once the target amount is reached. Notifications are sent for price reductions on monitored products.
Who are the top competitors of Reeelit?
Reeelit's top competitors include Carbeeza, Money Clouds and spave.
Who are Reeelit's investors?
Reeelit has 1 investor. Key investors include SUMA Wealth.