StreetShares
About StreetShares
StreetShares is a company founded in 2013 was acquired by MeridianLink in March 2022.. StreetShares has raised $42.87 million across 9 funding rounds from investors including Ally, Capital One and Accion. The company has 52 employees as of December 31, 2022. StreetShares offers products and services including Loan Origination System, Mortgage LOS, Deposit Account Opening, Data & Reporting, and Collections. StreetShares operates in a competitive market with competitors including Growthdeck, Folk2Folk, LendingCrowd, Rebuildingsociety and Crowd2Fund, among others.
- Employees 52 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Streetshares 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
$42.87 M (USD)
in 9 rounds
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Latest Funding Round
$10.92 M (USD), Series B
Oct 22, 2020
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Investors
Ally
& 11 more
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Employee Count
52
as on Dec 31, 2022
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Acquired by
MeridianLink
(Mar 10, 2022)
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Products & Services of StreetShares
StreetShares offers a comprehensive portfolio of products and services, including Loan Origination System, Mortgage LOS, Deposit Account Opening, Data & Reporting, and Collections. 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.
SaaS platform for managing loan applications and financial decisions.
Integrated system for digital mortgage processing and borrower engagement.
Tool for efficient online account creation and consumer access.
Platform to analyze origination data for profitability and decisions.
Cloud-based technology for streamlining debt collections processes.
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Software Development Team
56 people
Leadership Team
52 people
Product Management Team
26 people
Sales and Marketing
18 people
Senior Team
15 people
Data Analysis and Operations Team
10 people
Implementation Team
10 people
Finance and Accounting
9 people
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Funding Insights of StreetShares
StreetShares has successfully raised a total of $42.87M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $10.92 million completed in October 2020. 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 9
- Last Round Series B — $10.9M
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First Round
First Round
(12 May 2014)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series B - StreetShares | Valuation | Motley Fool Ventures , Ally |
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| Jul, 2020 | Amount | Debt – Conventional - StreetShares | Valuation |
investors |
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| Aug, 2019 | Amount | Debt – Conventional - StreetShares | 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 StreetShares
StreetShares has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ally, Capital One and Accion. 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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Venture capital funding is provided to early-stage companies and entrepreneurs.
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Founded Year | Domain | Location | |
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Rotunda Capital Partners is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Investments are made in early-stage US tech and offline firms.
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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 StreetShares
| 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 - StreetShares
| 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 |
Streetshares Comparisons
Competitors of StreetShares
StreetShares 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 Growthdeck, Folk2Folk, LendingCrowd, Rebuildingsociety and Crowd2Fund, 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 |
Equity crowdfunding platform is developed for business investments.
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| domain | founded_year | HQ Location |
P2P lending platform for business loans
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| domain | founded_year | HQ Location |
Business loans are matched with investors via an online platform.
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| domain | founded_year | HQ Location |
Operates an online P2P marketplace for business loans.
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| domain | founded_year | HQ Location |
Equity and debt crowdfunding investments are facilitated through the platform.
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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 Streetshares
Frequently Asked Questions about StreetShares
When was StreetShares founded?
StreetShares was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Is StreetShares a funded company?
StreetShares is a funded company, having raised a total of $42.87M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $58.66M, raised on May 12, 2014.
How many employees does StreetShares have?
As of Dec 31, 2022, the latest employee count at StreetShares is 52.
What does StreetShares do?
StreetShares was founded in 2013 as a platform facilitating loans for U.S. small businesses. Investors are matched with business owners via a three-step mobile application process for pitching needs. Competitive auctions allow investors to bid, with the lowest rates combined to create loans at minimal interest. All qualified American small businesses are served, including a focus on veteran-owned operations.
Who are the top competitors of StreetShares?
StreetShares's top competitors include Growthdeck, LendingCrowd and Folk2Folk.
What products or services does StreetShares offer?
StreetShares offers Loan Origination System, Mortgage LOS, Deposit Account Opening, Data & Reporting, and Collections.
Who are StreetShares's investors?
StreetShares has 12 investors. Key investors include Ally, Capital One, Accion, MeridianLink, and Independent Community Bankers of America.
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