About Relief
Relief is a company based in Miami (United States) founded in 2020. It operates as a FinTech. Relief has raised $15 million across 2 funding rounds from investors including NavaMoney, Ken Chenault and Vikram Pandit. The company has 12 employees as of December 31, 2022. Relief offers products and services including Relief App. Relief operates in a competitive market with competitors including FREED, Resuelve tu Deuda, Beyond Finance, Ophelos and Kredit, among others.
- Headquarter Miami, United States
- Employees 12 as on 31 Dec, 2022
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
NavaMoney
& 7 more
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Employee Count
12
as on Dec 31, 2022
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Products & Services of Relief
Relief offers a comprehensive portfolio of products and services, including Relief App. 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.
Debt reduction app helping users become debt-free faster.
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Funding Insights of Relief
Relief has successfully raised a total of $15M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(18 Feb 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series A - Relief | Valuation | National Debt Relief |
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| Feb, 2022 | Amount | Series A - Relief | Valuation | NavaMoney |
| 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 Relief
Relief has secured backing from 8 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include NavaMoney, Ken Chenault and Vikram Pandit. 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 fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Tech startups in US sectors are funded by Interplay Ventures.
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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 Relief
| 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 - Relief
| 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 |
Relief Comparisons
Competitors of Relief
Relief 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 FREED, Resuelve tu Deuda, Beyond Finance, Ophelos and Kredit, 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 |
Debt resolution and loan settlement programs are offered to individuals.
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| domain | founded_year | HQ Location |
App-based platform for consumer debt settlement
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| domain | founded_year | HQ Location |
Debt settlement services are provided for unsecured consumer debts.
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| domain | founded_year | HQ Location |
An online platform is developed for consumer debt repayment options.
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| domain | founded_year | HQ Location |
Credit card debts are settled through specialized software solutions.
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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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Frequently Asked Questions about Relief
When was Relief founded?
Relief was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Relief located?
Relief is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Is Relief a funded company?
Relief is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Feb 18, 2022.
How many employees does Relief have?
As of Dec 31, 2022, the latest employee count at Relief is 12.
What does Relief do?
Relief is dedicated to assisting individuals in managing and reducing personal debt through a mobile application. The service operates in the financial sector, specifically targeting debt management by assessing users financial situations, customizing payoff plans, and negotiating with creditors to lower balances. Solutions are designed to make debt repayment more affordable and faster, enabling users to achieve a debt-free status with potential savings on owed amounts.
Who are the top competitors of Relief?
Relief's top competitors include FREED, Resuelve tu Deuda and Beyond Finance.
What products or services does Relief offer?
Relief offers Relief App.
Who are Relief's investors?
Relief has 8 investors. Key investors include NavaMoney, Ken Chenault, Vikram Pandit, Animal Capital, and Brand Foundry.
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