About Rifco
Rifco is a company based in Red Deer (Canada) founded in 2000 was acquired by Chesswood Group in October 2021.. Rifco offers products and services including Auto Financing Service. Rifco operates in a competitive market with competitors including EdenPark, Prefera Finance, Auto Loan Specialist, Edmonton Car Loans and 5 Star Dealers, among others.
- Headquarter Red Deer, Canada
- Stage Public
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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
*********
- Legal Name Rifco Auto Finance
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$582.24 K (USD), Post-IPO
Aug 17, 2016
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Investors
Wells Fargo
& 3 more
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Employee Count
Employee Count
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Acquired by
Chesswood Group
(Oct 28, 2021)
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Products & Services of Rifco
Rifco offers a comprehensive portfolio of products and services, including Auto Financing Service. 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.
Provides loans for vehicle purchases targeted at non-prime customers
Funding Insights of Rifco
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $582,240
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First Round
First Round
(02 Jun 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Post-IPO - Rifco | Valuation |
investors |
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| Jun, 2015 | Amount | Debt – Conventional - Rifco | 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 Rifco
Rifco has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Wells Fargo, ATB Financial and Chesswood Group. 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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Provides F&I products, training, and software to automotive dealers and OEMs.
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Founded Year | Domain | Location | |
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Diverse financial services and online banking are provided to clients.
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Founded Year | Domain | Location | |
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Community banking services are provided by ATB Financial in Canada.
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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 Rifco
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Rifco
| 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 |
Rifco Comparisons
Competitors of Rifco
Rifco 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 EdenPark, Prefera Finance, Auto Loan Specialist, Edmonton Car Loans and 5 Star Dealers, 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 |
Vehicle loans are provided to customers in Canada by EdenPark.
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| domain | founded_year | HQ Location |
Provider of consumer and commercial vehicle repair loans
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for consumer vehicle loans.
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| domain | founded_year | HQ Location |
Offers car loans for good and bad credit in Edmonton and Alberta areas.
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| domain | founded_year | HQ Location |
Used car dealership providing sales, financing, trade-ins, and service in London.
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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 Rifco
Frequently Asked Questions about Rifco
When was Rifco founded?
Rifco was founded in 2000 and raised its 1st funding round 15 years after it was founded.
Where is Rifco located?
Rifco is headquartered in Red Deer, Canada. It is registered at Red Deer, Alberta, Canada.
Who is the current CEO of Rifco?
Jared Priestner is the current CEO of Rifco.
What does Rifco do?
Rifco, based in Red Deer, focuses on offering financial products and advice, consumer and sme loans, consumer loans, and auto loans. Auto loans provider. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Rifco?
Rifco's top competitors include EdenPark, Prefera Finance and Auto Loan Specialist.
What products or services does Rifco offer?
Rifco offers Auto Financing Service.
Who are Rifco's investors?
Rifco has 4 investors. Key investors include Wells Fargo, ATB Financial, Chesswood Group, and Sym-Tech.