About Snap Finance
Snap Finance is a company based in Salt Lake City (United States) founded in 2012. Snap Finance has raised $30.09 million across 4 funding rounds from investors including BMO Harris Bank. Snap Finance offers products and services including Lease-to-Own Financing, Installment Loans, and Retail Installment Contracts. Snap Finance operates in a competitive market with competitors including Klarna, Afterpay, Zip, Sunbit and Sezzle, among others.
- Headquarter Salt Lake City, United States
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Snap Finance Llc
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$30.09 M (USD)
in 4 rounds
-
Latest Funding Round
$21 M (USD), Series B
Oct 03, 2022
- Investors
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
People of Snap Finance
Unlock access to complete
Software Development Team
41 people
Sales and Marketing
29 people
Leadership Team
20 people
Product Management Team
20 people
Legal and Compliance
12 people
Senior Team
10 people
Data Analysis and Operations Team
9 people
Finance and Accounting
8 people
Unlock access to complete
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.
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.
|
Locked | Locked | Locked |
Investor details for Snap Finance
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Snap Finance
Investment portfolio details for Snap Finance
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Snap Finance
Detailed financials for Snap Finance
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Snap Finance Comparisons
Peer comparison for Snap Finance
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Snap Finance
Snap Finance 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 Klarna, Afterpay, Zip, Sunbit and Sezzle, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Point-of-sale financing is facilitated through an online platform for purchases.
|
|
| Locked | Locked | Locked |
A buy now pay later service is offered by Afterpay.
|
|
| Locked | Locked | Locked |
Payment solutions are provided for deferred purchasing by Zip.
|
|
| Locked | Locked | Locked |
Point-of-sale financing is facilitated via an online platform for retailers.
|
|
| Locked | Locked | Locked |
Point-of-sale financing is enabled for installment purchases at partnered retailers.
|
Detailed competitors of Snap Finance
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Snap Finance
Complete news archive for Snap Finance
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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.
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.