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
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Net Profit
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EBITDA
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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
Employee Count
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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. 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.
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
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series D — $23.8M
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First Round
First Round
(01 Mar 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series D - Shift | Valuation | Peak XV Partners |
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| Feb, 2023 | Amount | Series C - Shift | Valuation | Peak XV Partners |
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| Mar, 2020 | Amount | Series A - Shift | Valuation | Alto Partners |
| 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 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. 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 firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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JP
John Prendiville |
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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 Shift
| 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 - Shift
| 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 Comparisons
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. 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 |
An online platform is provided for business loans to companies.
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| domain | founded_year | HQ Location |
Business loans are facilitated via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online lending platform for unsecured business loans to SMBs
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| domain | founded_year | HQ Location |
Payment solutions for businesses are facilitated via an integrated platform.
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| domain | founded_year | HQ Location |
Financing solutions and trading data are provided to e-commerce businesses.
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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 Shift
Frequently Asked Questions about Shift
When was Shift founded?
Shift was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is Shift located?
Shift is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Shift?
Jamie Osborn is the current CEO of Shift.
Is Shift a funded company?
Shift is a funded company, having raised a total of $49.11M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.5M, raised on Mar 01, 2020.
What does Shift do?
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.
What products or services does Shift offer?
Shift offers Business Overdraft, Term Loan, Equipment Line, and Trade Account.
Who are Shift's investors?
Shift has 5 investors. Key investors include Peak XV Partners, John Prendiville, Michael Carapiet, Patrick Tuttle, and Alto Partners.
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