About Simple Rate
Simple Rate is a company based in Canada founded in 2019 was acquired by Hardbacon in March 2022.. Simple Rate offers products and services including Financial Tools Platform. Simple Rate operates in a competitive market with competitors including NerdWallet, BankBazaar, LendingTree, Flagstone and TotallyMoney, among others.
- Headquarter Canada
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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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Products & Services of Simple Rate
Simple Rate offers a comprehensive portfolio of products and services, including Financial Tools Platform. 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.
Platform for aiding financial decisions through online resources and partnerships.
Funding Insights of Simple Rate
| 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 |
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Investors in Simple Rate
Simple Rate has secured backing from 1 investor. Prominent investors backing the company include Hardbacon. 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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Financial products are compared through a mobile app for individuals.
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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 Simple Rate
| 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 - Simple Rate
| 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 |
Simple Rate Comparisons
Competitors of Simple Rate
Simple Rate 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 NerdWallet, BankBazaar, LendingTree, Flagstone and TotallyMoney, 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 |
App-based comparison platform for financial products
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| domain | founded_year | HQ Location |
Financial products, loans, and credit scores are aggregated and compared.
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| domain | founded_year | HQ Location |
Provider of a platform for loan and other consumer financial product comparison
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| domain | founded_year | HQ Location |
Bank deposit accounts are compared through an online platform.
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| domain | founded_year | HQ Location |
Credit comparing website
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| domain | founded_year | HQ Location |
Comparison platform for bank accounts
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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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Latest news on Simple Rate
Frequently Asked Questions about Simple Rate
When was Simple Rate founded?
Simple Rate was founded in 2019.
Where is Simple Rate located?
Simple Rate is headquartered in Canada.
What does Simple Rate do?
Simple Rate was founded in 2019 in Canada as an online platform. Financial products and services are compared by users through the website simplerate.ca. Operations focus on the fintech sector, where tools are provided for evaluating options such as loans, insurance, and investments. The service is accessible nationwide, supporting informed decision-making in personal finance.
Who are the top competitors of Simple Rate?
Simple Rate's top competitors include NerdWallet, BankBazaar and LendingTree.
What products or services does Simple Rate offer?
Simple Rate offers Financial Tools Platform.
Who are Simple Rate's investors?
Simple Rate has 1 investor. Key investors include Hardbacon.