About Shift Savings
Shift Savings is a company based in Milwaukee (United States) founded in 2016 by Craig Sweeney, Tom Wondra, and Robert Schwartz was acquired by SafetyNet in May 2018.. Shift Savings has completed 1 acquisition, including SafetyNet. Shift Savings operates in a competitive market with competitors including Icon Savings Plan, Onward, DoubleNet Pay, Sunny Day Fund and Scope Zero, among others.
- Headquarter Milwaukee, United States
- Founders Craig Sweeney, Tom Wondra, Robert Schwartz
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Shift Savings
| 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 Shift Savings
Shift Savings has secured backing from 1 investor. Prominent investors backing the company include SafetyNet. 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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Unemployment and disability insurance is offered via an online platform.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 Shift Savings
Shift Savings has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SafetyNet. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Unemployment and disability insurance is offered via an online platform.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Shift Savings
| 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 |
Shift Savings Comparisons
Competitors of Shift Savings
Shift Savings 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 Icon Savings Plan, Onward, DoubleNet Pay, Sunny Day Fund and Scope Zero, 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 |
Online platform for retirement planning
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| domain | founded_year | HQ Location |
Employee finances are tracked and planned via Onward's software platform.
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| domain | founded_year | HQ Location |
Employer-enabled platform for automated bill tracking and savings progress.
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| domain | founded_year | HQ Location |
Workplace emergency savings and financial wellness programs are provided.
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| domain | founded_year | HQ Location |
Impact-based savings accounts are provided to employees for sustainability engagement.
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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 Shift Savings
When was Shift Savings founded?
Shift Savings was founded in 2016.
Where is Shift Savings located?
Shift Savings is headquartered in Milwaukee, United States. It is registered at Milwaukee, Wisconsin, United States.
Who is the current CEO of Shift Savings?
Craig Sweeney is the current CEO of Shift Savings. They have also founded this company.
What does Shift Savings do?
Shift Savings Inc. is an employer enabled savings platform for employees. Users have to link their bank account to the platform. It automatically rounds up transactions of the user to the nearest dollar and adds this money to shift savings account weekly. This round-up amount is matched by the employer. Users can set their financial goals and track their goal progress. The platform charges a monthly service fee per employee. The platform is currently in beta, mobile apps are not available for public download.
Who are the top competitors of Shift Savings?
Shift Savings's top competitors include Icon Savings Plan, Onward and Sunny Day Fund.
How many acquisitions has Shift Savings made?
Shift Savings has made 1 acquisition, including SafetyNet.
Who are Shift Savings's investors?
Shift Savings has 1 investor. Key investors include SafetyNet.