About Service Finance
Service Finance is a company based in Chattanooga (United States) founded in 2004 by Mark E Berch was acquired by Truist in August 2021.. Service Finance operates in a competitive market with competitors including Freedom Mortgage, Wintrust, American Advisors Group, Motilal Oswal Financial Services and Lendmark Financial, among others.
- Headquarter Chattanooga, United States
- Founders Mark E Berch
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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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Funding Insights of Service Finance
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Private Equity Round - Service Finance | 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 Service Finance
Service Finance has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Truist, Flexpoint Ford and ECN 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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Private equity firm focused on financial services and healthcare companies
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Founded Year | Domain | Location | |
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Wealth advisory and banking services are offered to clients.
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Founded Year | Domain | Location | |
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Asset financing is provided by ECN Capital to various sectors.
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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 Service Finance
| 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 - Service Finance
| 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 |
Service Finance Comparisons
Competitors of Service Finance
Service Finance 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 Freedom Mortgage, Wintrust, American Advisors Group, Motilal Oswal Financial Services and Lendmark 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 |
Mortgage services are provided for home purchases and refinancing options.
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| domain | founded_year | HQ Location |
Bank offering diversified financial services
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| domain | founded_year | HQ Location |
Reverse mortgage loans provider
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| domain | founded_year | HQ Location |
Diversified investment and advisory services are provided to clients.
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| domain | founded_year | HQ Location |
Auto and personal loans are provided to customers nationwide.
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| domain | founded_year | HQ Location |
Residential mortgage loans are provided for home financing needs.
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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 Service Finance
Frequently Asked Questions about Service Finance
When was Service Finance founded?
Service Finance was founded in 2004 and raised its 1st funding round 11 years after it was founded.
Where is Service Finance located?
Service Finance is headquartered in Chattanooga, United States. It is registered at Chattanooga, Tennessee, United States.
Who is the current CEO of Service Finance?
Mark E Berch is the current CEO of Service Finance. They have also founded this company.
What does Service Finance do?
Service Finance was founded in 2004 and is headquartered in Chattanooga, United States. Financing for home improvement projects is offered through loans tailored to residential needs. Operations center on supporting contractors and homeowners with accessible credit options in the consumer finance sector. Services include streamlined loan processing for upgrades like roofing, HVAC, and remodeling, primarily within the U.S. market. Leadership is provided by co-founder and CEO Mark E. Berch.
Who are the top competitors of Service Finance?
Service Finance's top competitors include Wintrust, Freedom Mortgage and Lendmark Financial.
Who are Service Finance's investors?
Service Finance has 3 investors. Key investors include Truist, Flexpoint Ford, and ECN Capital.
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