About Shift
Shift is a company based in Sydney (Australia) founded in 2014. Shift has raised $49.11 million across 3 funding rounds from investors including Peak XV Partners, John Prendiville and Michael Carapiet. Shift offers products and services including Business Overdraft, Term Loan, Equipment Line, and Trade Account. Shift operates in a competitive market with competitors including Prospa, Lumi, Moula, Butn and TradeBridge, among others.
- Headquarter Sydney, Australia
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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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- Legal Name Shift Financial Pty Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$49.11 M (USD)
in 3 rounds
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Latest Funding Round
$23.78 M (USD), Series D
Aug 26, 2024
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Investors
Peak XV Partners
& 4 more
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Employee Count
Not available
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Products & Services of Shift
Shift offers a comprehensive portfolio of products and services, including Business Overdraft, Term Loan, Equipment Line, and Trade Account.
Manages cash flow for businesses through flexible credit lines
Supports business growth and expansion funding needs
Facilitates payments for equipment purchases in installments
Handles accounts payable for suppliers and stock
People of Shift
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Funding Insights of Shift
Shift has successfully raised a total of $49.11M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $23.78 million completed in August 2024. 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.
Investors in Shift
Shift has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Peak XV Partners, John Prendiville and Michael Carapiet.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in startups and providing support programs.
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Venture capital firm focused on multiple sectors
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JP
John Prendiville |
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Investor details for Shift
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Investments & Acquisitions by Shift
Investment portfolio details for Shift
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Financial Statements - Shift
Detailed financials for Shift
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Shift Comparisons
Peer comparison for Shift
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Competitors of Shift
Shift 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 Prospa, Lumi, Moula, Butn and TradeBridge, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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An online platform is provided for business loans to companies.
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Business loans are facilitated via an online marketplace platform.
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Online lending platform for unsecured business loans to SMBs
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Payment solutions for businesses are facilitated via an integrated platform.
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Financing solutions and trading data are provided to e-commerce businesses.
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Detailed competitors of Shift
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Latest news on Shift
Complete news archive for Shift
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Frequently Asked Questions about Shift
Shift was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Shift is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Jamie Osborn is the current CEO of Shift.
Shift is a funded company, having raised a total of $49.11M across 3 funding rounds to date.
Founded in 2014 and based in Sydney, Australia, the company operates an online platform focused on business loans and credit solutions. Term loans, equipment financing, auto financing, and overdrafts are provided to support cash flow and asset management. Payment options, trade credit, and online banking services are also available for industries such as hospitality, food services, and franchises.
Shift offers Business Overdraft, Term Loan, Equipment Line, and Trade Account.
Shift has 5 investors. Key investors include Peak XV Partners, John Prendiville, Michael Carapiet, Patrick Tuttle, and Alto Partners.