About Sweep
Sweep is a company based in San Francisco (United States) founded in 2014 was acquired by Affirm in April 2016.. Sweep has raised $1 million across 1 funding round from investors including Affirm, Kapor Capital and Vulcan Capital. Sweep operates in a competitive market with competitors including Clara, Expensify, Clarity Money, Sift wallet and Olivia AI, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Sweep
Sweep has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in June 2014. 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 1
- Last Round Seed — $1.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Seed - Sweep | 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 Sweep
Sweep has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Affirm, Kapor Capital and Vulcan Capital. 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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Seed stage venture capital firm investing in US
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Founded Year | Domain | Location | |
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Private equity investments are backed by a single-family office firm.
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Founded Year | Domain | Location | |
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Early-stage US tech startups are funded by The Valley Fund.
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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 Sweep
| 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 - Sweep
| 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 |
Sweep Comparisons
Competitors of Sweep
Sweep 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 Clara, Expensify, Clarity Money, Sift wallet and Olivia AI, 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 |
Meetings are scheduled using AI by adding Clara to emails.
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| domain | founded_year | HQ Location |
Cloud-based expense management solutions are offered for business travelers.
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| domain | founded_year | HQ Location |
Insights into personal finances are delivered via a mobile platform.
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| domain | founded_year | HQ Location |
Credit card benefits tracker
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| domain | founded_year | HQ Location |
Personal finances are managed and optimized by AI-driven insights.
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| domain | founded_year | HQ Location |
App-based platform for managing finances with custom coaching and expert support
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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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Frequently Asked Questions about Sweep
When was Sweep founded?
Sweep was founded in 2014.
Where is Sweep located?
Sweep is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Sweep a funded company?
Sweep is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Jun 01, 2014.
What does Sweep do?
Sweep was founded in 2014 in San Francisco, United States, within the fintech sector. An app-based platform is operated to collate financial data into a single dashboard. Services encompass bill payments, cash flow management, and savings support for users. Prior to acquisition by Affirm, emphasis was placed on recurring bills and credit card expenditures as primary debt sources; subsequently, Affirm loans were integrated into those inputs.
Who are the top competitors of Sweep?
Sweep's top competitors include Expensify, Quicken and Sift wallet.
Who are Sweep's investors?
Sweep has 5 investors. Key investors include Affirm, Kapor Capital, Vulcan Capital, The Valley Fund, and StartX.
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