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
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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
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $400.2M
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First Round
First Round
(01 Dec 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Debt – Conventional - SoMo | Valuation |
investors |
| 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 SoMo
SoMo has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Deutsche Bank. 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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Diversified banking and financial services are provided globally.
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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 SoMo
| 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 - SoMo
| 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 |
Somo Comparisons
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. 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 |
Provider of P2P marketplace for mortgage loans
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| domain | founded_year | HQ Location |
P2P lending platform for mortgage loans
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| domain | founded_year | HQ Location |
P2P platform for commercial and residential mortgage loans is operated.
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| domain | founded_year | HQ Location |
Developer of an online P2P lending platform
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| domain | founded_year | HQ Location |
Provider of real estate loans
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Somo
Frequently Asked Questions about SoMo
When was SoMo founded?
SoMo was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is SoMo located?
SoMo is headquartered in Altrincham, United Kingdom. It is registered at Altrincham, Greater Manchester, United Kingdom.
Who is the current CEO of SoMo?
Louis Alexander is the current CEO of SoMo.
How many employees does SoMo have?
As of Mar 31, 2021, the latest employee count at SoMo is 39.
What is the annual revenue of SoMo?
Annual revenue of SoMo is $16.95M as on Mar 31, 2021.
What does SoMo do?
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.
Who are the top competitors of SoMo?
SoMo's top competitors include CrowdProperty, LendInvest and Loanpad.
Who are SoMo's investors?
SoMo has 1 investor. Key investors include Deutsche Bank.