About Spend
Spend is a company based in Toronto (Canada) founded in 1995 was acquired by Swipe in March 2021. It operates as a FinTech, and Subscription Services. Spend offers products and services including Business Accounts and Payment Management. Spend operates in a competitive market with competitors including Mogo, Upgrade, Fairstone, goPeer and Quad-Fi, among others.
- Headquarter Toronto, Canada
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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 Spend Ltd.
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Products & Services of Spend
Spend offers a comprehensive portfolio of products and services, including Business Accounts and Payment Management. 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.
Business accounts are provided for optimized financial operations.
Payment management is facilitated through an integrated ecosystem.
Funding Insights of Spend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Spend
Spend has secured backing from 1 investor. Prominent investors backing the company include Swipe. 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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App-based cryptocurrency wallet enables financial services and payments.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Spend
| 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 - Spend
| 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 |
Spend Comparisons
Competitors of Spend
Spend 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 Mogo, Upgrade, Fairstone, goPeer and Quad-Fi, 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 |
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| domain | founded_year | HQ Location |
Personal loans and lines of credit are provided by Mogo.
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Consumer credit and banking products are offered to individuals.
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| domain | founded_year | HQ Location |
Diversified lending services are offered by Fairstone as an NBFI.
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| domain | founded_year | HQ Location |
Personal loans are facilitated via a peer-to-peer marketplace.
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| domain | founded_year | HQ Location |
Education financing is delivered via online student lending solutions.
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| domain | founded_year | HQ Location |
Business intelligence software is provided for data-driven insights.
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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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Latest news on Spend
Frequently Asked Questions about Spend
When was Spend founded?
Spend was founded in 1995.
Where is Spend located?
Spend is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Spend do?
Spend is focused on simplifying global payments and foreign exchange services with multi-currency IBAN options. Financial operations for enterprises are optimized through business accounts. Payment processes are managed via an integrated ecosystem for corporate and SME clients. Local payment networks are leveraged to provide a local touch on a global scale. Competitive FX fees are offered alongside bulk payment options to save time. Virtual and physical card options are provided for managing finances on the go.
What products or services does Spend offer?
Spend offers Business Accounts and Payment Management.
Who are Spend's investors?
Spend has 1 investor. Key investors include Swipe.
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