About Solo Technologies
Solo Technologies is a company based in Seattle (United States) founded in 2020 by Keith Ng.. Solo Technologies has raised $5.3 million across 1 funding round from investors including Slow Ventures, Expa and Red Sea Ventures. Solo Technologies offers products and services including Solo App, Smart Schedule, and Pay Guarantee. Solo Technologies operates in a competitive market with competitors including Nvoicepay, Resolve Corp, Gig Wage, Paymerang and Incedo, among others.
- Headquarter Seattle, United States
- Founders Keith Ng
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Solo Technologies, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.3 M (USD)
in 1 rounds
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Latest Funding Round
$5.3 M (USD), Seed
Aug 30, 2021
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Investors
Slow Ventures
& 9 more
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Employee Count
Employee Count
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Products & Services of Solo Technologies
Solo Technologies offers a comprehensive portfolio of products and services, including Solo App, Smart Schedule, and Pay Guarantee. 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.
Tool for tracking income, mileage, and scheduling to optimize gig work earnings.
Feature using data to predict and guarantee pay for gig workers.
System that ensures daily earnings based on predictions and compensates shortfalls.
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Software Development Team
5 people
Sales and Marketing
1 people
Leadership Team
1 people
Head Team
1 people
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Funding Insights of Solo Technologies
Solo Technologies has successfully raised a total of $5.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $5.3 million completed in August 2021. 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 1
- Last Round Seed — $5.3M
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First Round
First Round
(30 Aug 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - Solo Technologies | Valuation | Slow Ventures |
| 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 Solo Technologies
Solo Technologies has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Slow Ventures, Expa and Red Sea Ventures. 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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Early-stage tech investments are made primarily in US companies.
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Founded Year | Domain | Location | |
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Startups are incubated across sectors by the agnostic studio.
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Founded Year | Domain | Location | |
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Venture capital investment firm based out of USA
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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 Solo Technologies
| 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 - Solo Technologies
| 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 |
Solo Technologies Comparisons
Competitors of Solo Technologies
Solo Technologies 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 Nvoicepay, Resolve Corp, Gig Wage, Paymerang and Incedo, 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 |
AP automation, commercial cards, and cross-border payments are provided.
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| domain | founded_year | HQ Location |
Provider of B2B net terms financing and accounts receivable automation
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| domain | founded_year | HQ Location |
Payroll and payment solutions are managed for on-demand workforces.
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| domain | founded_year | HQ Location |
AI-based invoice, payment, and accounts payable automation solutions for businesses
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| domain | founded_year | HQ Location |
Digital transformation services are provided by Incedo for enterprises.
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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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Frequently Asked Questions about Solo Technologies
When was Solo Technologies founded?
Solo Technologies was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Solo Technologies located?
Solo Technologies is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Solo Technologies a funded company?
Solo Technologies is a funded company, having raised a total of $5.3M across 1 funding round to date. The company's 1st funding round was a Seed of $5.3M, raised on Aug 30, 2021.
What does Solo Technologies do?
Solo Technologies was founded in 2020 in Seattle, United States, as a fintech platform focused on personal finance for gig workers such as drivers, shoppers, and other independent contractors. Accounts are linked to offer a segregated view of incomes and expenses. Tracking of income and expenses is enabled, along with tax estimation and personalized pay predictions. The service is accessible through a mobile application on iOS and Android devices.
Who are the top competitors of Solo Technologies?
What products or services does Solo Technologies offer?
Solo Technologies offers Solo App, Smart Schedule, and Pay Guarantee.
Who are Solo Technologies's investors?
Solo Technologies has 10 investors. Key investors include Slow Ventures, Expa, Red Sea Ventures, Ascend, and Harry Campbell.
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