About SoMo
SoMo is a company based in Altrincham (United Kingdom) founded in 2014. The company has 39 employees as of March 31, 2021. SoMo operates in a competitive market with competitors including CrowdProperty, LendInvest, Loanpad, Kuflink and Saxon Trust, among others.
- Headquarter Altrincham, United Kingdom
- Employees 39 as on 31 Mar, 2021
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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 Social Money Limited
- Date of Incorporation 02 May, 2012
- Jurisdiction ALTRINCHAM, GREATER MANCHESTER, UNITED KINGDOM
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Annual Revenue
$16.95 M (USD)14as on Mar 31, 2021
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Net Profit
$5.04 M (USD)20as on Mar 31, 2021
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EBITDA
Not available
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Latest Funding Round
$400.17 M (USD), Debt – Conventional
Dec 01, 2020
- Investors
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Employee Count
39
as on Mar 31, 2021
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Funding Insights of SoMo
Investors in SoMo
SoMo has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Deutsche Bank.
| Investor | Description | Founded Year | Domain | Location |
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Diversified banking and financial services are provided globally.
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Investor details for SoMo
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Investments & Acquisitions by SoMo
Investment portfolio details for SoMo
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Financial Statements - SoMo
Detailed financials for SoMo
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Somo Comparisons
Peer comparison for SoMo
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Competitors of SoMo
SoMo 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 CrowdProperty, LendInvest, Loanpad, Kuflink and Saxon Trust, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Provider of P2P marketplace for mortgage loans
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P2P lending platform for mortgage loans
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P2P platform for commercial and residential mortgage loans is operated.
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Developer of an online P2P lending platform
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Provider of real estate loans
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Detailed competitors of SoMo
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Latest news on Somo
Complete news archive for SoMo
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Frequently Asked Questions about SoMo
SoMo was founded in 2014 and raised its 1st funding round 6 years after it was founded.
SoMo is headquartered in Altrincham, United Kingdom. It is registered at Altrincham, Greater Manchester, United Kingdom.
Louis Alexander is the current CEO of SoMo.
As of Mar 31, 2021, the latest employee count at SoMo is 39.
Annual revenue of SoMo is $16.95M as on Mar 31, 2021.
SoMo was founded in 2014 in Altrincham, United Kingdom, as an online peer-to-peer lending platform focused on short-term bridging finance. Funds from investors are channeled to support residential and commercial loans for borrowers. Flexible repayment options, including monthly installments, are available to borrowers. Returns on investment are generated for investors through the platforms operations in the financial services sector.
SoMo's top competitors include CrowdProperty, LendInvest and Loanpad.
SoMo has 1 investor. Key investors include Deutsche Bank.