About Step One Finance
Step One Finance is a company based in Woking (United Kingdom) founded in 2010. It operates as a FinTech, and Commission-Based. Step One Finance offers products and services including Secured Loans, Mortgage Loans, Debt Consolidation Loans, Home Improvement Loans, and Large Purchase Loans. Step One Finance operates in a competitive market with competitors including Moniepoint, Newable, Close Brothers, Greensill and Togethermoney, among others.
- Headquarter Woking, United Kingdom
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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
*********
- Legal Name Step One Finance Limited
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Annual Revenue
$20.34 M (USD)29as on Dec 31, 2022
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Net Profit
$1.46 M (USD)-26as on Dec 31, 2022
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EBITDA
$1.75 M (USD)-30as on Dec 31, 2022
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Latest Funding Round
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Investors
Credit Suisse
& 1 more
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Employee Count
Employee Count
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Products & Services of Step One Finance
Step One Finance offers a comprehensive portfolio of products and services, including Secured Loans, Mortgage Loans, Debt Consolidation Loans, Home Improvement Loans, and Large Purchase Loans. 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.
Secured loans are provided for homeowners' financial needs.
Mortgage loans are offered for property-related financial needs.
Debt consolidation loans are designed to simplify multiple debts.
Home improvement loans are provided for property renovation projects.
Large purchase loans are offered for significant personal expenses.
Funding Insights of Step One Finance
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series A - Step One Finance | Valuation |
investors |
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| May, 2014 | Amount | Seed - Step One Finance | Valuation |
investors |
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| 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 Step One Finance
Step One Finance has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Credit Suisse and PIMCO. 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 investment management in fixed income and credit is provided.
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Founded Year | Domain | Location | |
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Wealth management, asset management, and investment banking services are offered.
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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 Step One Finance
| 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 - Step One Finance
| 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 |
Step One Finance Comparisons
Competitors of Step One Finance
Step One 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 Moniepoint, Newable, Close Brothers, Greensill and Togethermoney, 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 |
Integrated financial services are provided for businesses and individuals.
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| domain | founded_year | HQ Location |
Business loans are provided to UK enterprises by Newable.
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| domain | founded_year | HQ Location |
Diversified financial services are provided across multiple sectors.
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| domain | founded_year | HQ Location |
Working capital loans are provided through financial market mechanisms.
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| domain | founded_year | HQ Location |
Provider of consumer and SME loans
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| domain | founded_year | HQ Location |
Working capital loans are provided to small and medium-sized enterprises.
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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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Frequently Asked Questions about Step One Finance
When was Step One Finance founded?
Step One Finance was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Step One Finance located?
Step One Finance is headquartered in Woking, United Kingdom. It is registered at Woking, Surrey, United Kingdom.
What is the annual revenue of Step One Finance?
Annual revenue of Step One Finance is $20.34M as on Dec 31, 2022.
What does Step One Finance do?
Step One Finance is focused on designing and delivering consumer loan products, including secured loans and mortgages. The company operates within the financial services sector, emphasizing transparency, fairness, and responsibility. Solutions are provided for home improvements, debt consolidation, dream holidays, and large purchases. Established in 2010, the business is based in the United Kingdom and adheres to regulatory standards set by the Financial Conduct Authority.
Who are the top competitors of Step One Finance?
Step One Finance's top competitors include Togethermoney, Moniepoint and Close Brothers.
What products or services does Step One Finance offer?
Step One Finance offers Secured Loans, Mortgage Loans, Debt Consolidation Loans, Home Improvement Loans, and Large Purchase Loans.
Who are Step One Finance's investors?
Step One Finance has 2 investors. Key investors include Credit Suisse, and PIMCO.