About Snap Finance
Snap Finance is a Financial Services company based in Salt Lake City (United States) founded in 2012. Merchandise financing is offered through partner stores. Snap Finance has raised $30.09 million across 4 funding rounds from investors including BMO Harris Bank. Its website snapfinance.com draws about 1.6 million monthly visits. Snap Finance offers products and services including Lease-to-Own Financing, Installment Loans, and Retail Installment Contracts. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is SNAP FINANCE LLC. Its competitors include Sunbit, Sezzle and Uplift; 3 of its 3 listed competitors have raised funding.
Company details
Snap Finance was founded in 2012 in Salt Lake City, United States, and operates in the financial services sector. Point-of-sale installment financing and pay-later options are provided on its balance sheet via partner merchandise stores. Online personal credit is extended to individuals lacking credit history for shopping at these stores, supporting access to goods without traditional lending requirements.
- Total Equity Funding$30.09M (USD)
in 4 rounds
- Latest Funding Round$21M (USD), Series B
Oct 2022
- Investors
Products & Services of Snap Finance
Snap Finance offers a comprehensive portfolio of products and services, including Lease-to-Own Financing, Installment Loans, and Retail Installment Contracts.
Allows consumers to lease products and own them via payments.
Offers loans for purchases repaid in fixed installments.
Provides agreements for buying items with scheduled payments.
Apps and channels of Snap Finance
its YouTube channel Snap Finance has 771 subscribers and 30 videos.
Videos from Snap Finance
The most watched videos on Snap Finance's YouTube channel, Snap Finance (771 subscribers). Click a video to play it here.
More on Snap Finance.
Funding Insights of Snap Finance
Snap Finance has successfully raised a total of $30.09M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $21 million completed in October 2022. 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 $30.09M
- Total Rounds 4
- Last Round Series B — $21M
- First Round $3M
(Oct 2013)
- Investors Count 1
All 4 funding rounds of Snap Finance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $21M | Series B | – | – | – |
| Aug 2017 | $100M | Debt – Conventional | – | – | |
| Oct 2014 | $6.09M | Series A | – | – | – |
| Oct 2013 | $3M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in Snap Finance
Snap Finance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BMO Harris Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Wealth management services are provided by BMO Harris Bank. | 1882 | bmoharris.com | Chicago, United States |
Investor details for Snap Finance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Snap Finance
197 people are tracked at Snap Finance (60 in leadership, 137 in team).
| Name | Role | Group |
|---|---|---|
Matt Hawkins | Founder & CEO | Leadership |
Ursula Smalls | Senior Area Sales Director | Leadership |
Doris Hektor | Chief Compliance & Operational Risk Officer | Leadership |
Juan Carlos Naranjo | Senior Director - Infrastructure & Operation Snap Finance, Costa Rica | Leadership |
Rajat Bansal | Senior Director Of Technology | Leadership |
Juan Magdaleno | Sr. Manager, Bank Partner Relationships | Leadership |
David Laycock | Chief Innovation & Growth Officer | Leadership |
Doug Farrer | National Training Director | Leadership |
Gaurav Kohli | Global Chief Technology Officer | Leadership |
Raymond van Eperen | Director Of Technology | Leadership |
Todd Mayhew | Executive Vice President - Chief Human Resources Officer | Leadership |
Steven Stewart | Chief Sales Officer | Leadership |
Tj Fenton | Chief Credit Officer | Leadership |
Jonathan Booker | Head Of 3.0 (innovating Snaps Future) | Leadership |
Thor Sandell | Interim Chief People Officer / Vice President Of HR | Leadership |
Soma Sengupta | Sr. Director | Leadership |
Leigh Wingrove | Risk Director | Leadership |
Mark Allred | VP Program Development Operational Intelligence & Training | Leadership |
Amandeep Singh | Director Of Engineering | Leadership |
Jonathan Chester | VP - Regulatory And Compliance | Leadership |
177 more people are available in the full profile.
Complete people profiles for Snap Finance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Timeline of Snap Finance
3 dated milestones of Snap Finance across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Snap Finance is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series B, of $21.0M.
Competitors of Snap Finance
Snap Finance has 3 listed competitors in our database, 3 of them funded. They include Sunbit, Sezzle and Uplift.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunbit.com | 2016 | Los Angeles, United States | $158.63M | 128 | Point-of-sale financing is facilitated via an online platform for retailers. | |
| sezzle.com | 2016 | Minneapolis, United States | $17.51M | 365 | Point-of-sale financing is enabled for installment purchases at partnered retailers. | |
| uplift.com | 2014 | Sunnyvale, United States | $146.2M | 119 | Point-of-sale financing for travel bookings is offered by Uplift. |
Detailed competitors of Snap Finance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Snap Finance
The website of Snap Finance (snapfinance.com) receives about 1.6M visits a month and ranks #26,652 among all websites worldwide, #488 in Automotive Industry.
- Monthly visits1.6M
▼ 0.7% vs previous month
- Unique visitors708.8K
per month
- Global rank#26,652
among all websites
- Category rank#488
Vehicles · Automotive Industry
- Bounce rate36%
- Pages per visit5.6
- Average visit5 min 13 sec
- DevicesDesktop 27% · Mobile 73%
Websites whose visitors overlap most with Snap Finance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
atdonline.com | atdonline.com | 100% | #38,381 | – | |
shop.usautoforce.com | shop.usautoforce.com | 98% | #35,201 | – | |
autozonepro.com | autozonepro.com | 94% | #11,477 | – | |
firstcallonline.com | firstcallonline.com | 93% | #11,711 | – | |
| metraonline.com | 93% | 289.6K | #140,444 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Snap Finance
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as Snap Finance (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Snap Finance
Complete news archive for Snap Finance
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Frequently Asked Questions about Snap Finance
Snap Finance was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Snap Finance is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Snap Finance is a funded company, having raised a total of $30.09M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Oct 2013.
Snap Finance was founded in 2012 in Salt Lake City, United States, and operates in the financial services sector. Point-of-sale installment financing and pay-later options are provided on its balance sheet via partner merchandise stores. Online personal credit is extended to individuals lacking credit history for shopping at these stores, supporting access to goods without traditional lending requirements.
Snap Finance offers Lease-to-Own Financing, Installment Loans, and Retail Installment Contracts.
Snap Finance has 1 investor. Key investors include BMO Harris Bank.
Snap Finance operates through Snap Finance Llc.
The website of Snap Finance receives about 1.6 million visits a month and ranks #26,652 among all websites worldwide.