About SeedFi
SeedFi is a company based in San Francisco (United States) founded in 2013 by Jim McGinley, Eric Burton, Rodrigo Menezes, Greg Berman, and Bernardo Menezes was acquired by Intuit in December 2022.. SeedFi has raised $15 million across 2 funding rounds from investors including Intuit, Andreessen Horowitz and Core Innovation Capital. SeedFi operates in a competitive market with competitors including Pronto Pay and Merit Protocol, among others.
- Headquarter San Francisco, United States
- Founders Jim McGinley, Eric Burton, Rodrigo Menezes, Greg Berman, Bernardo Menezes
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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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Software Development Team
429 people
Product Management Team
95 people
Sales and Marketing
60 people
Creative and Marketing Team
39 people
Senior Team
34 people
Human Resources and Administration
23 people
Finance and Accounting
16 people
Leadership Team
15 people
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Funding Insights of SeedFi
SeedFi has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in February 2021. 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 — $15.0M
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First Round
First Round
(17 Feb 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Debt – Conventional - SeedFi | Valuation |
investors |
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| Feb, 2021 | Amount | Series A - SeedFi | Valuation | a16z |
| 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 SeedFi
SeedFi has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Intuit, Andreessen Horowitz and Core Innovation Capital. 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 investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital investments in fintech and technology for wealth and health.
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Founded Year | Domain | Location | |
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Investments are managed by Quiet Capital in New York.
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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 SeedFi
| 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 - SeedFi
| 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 |
Seedfi Comparisons
Competitors of SeedFi
SeedFi 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 Pronto Pay and Merit Protocol, 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 |
App for early wage access through payroll connection and advances.
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| domain | founded_year | HQ Location |
Provides an online platform for offering loans to employees through their employers.
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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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Frequently Asked Questions about SeedFi
When was SeedFi founded?
SeedFi was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Where is SeedFi located?
SeedFi is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of SeedFi?
Jim McGinley is the current CEO of SeedFi. They have also founded this company.
Is SeedFi a funded company?
SeedFi is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $50M, raised on Feb 17, 2021.
What does SeedFi do?
SeedFi was founded in 2013 in San Francisco, United States, within the fintech sector. An online lending platform is operated to provide payday loans, with decisions based on credit scores and loan history. Tools for building credit and savings are also supplied to consumers. Operations focus on accessible financial services for individuals seeking short-term borrowing options.
Who are the top competitors of SeedFi?
SeedFi's top competitors include Pronto Pay and Merit Protocol.
Who are SeedFi's investors?
SeedFi has 5 investors. Key investors include Intuit, Andreessen Horowitz, Core Innovation Capital, Quiet Capital, and Flourish Ventures.