About Tempoe
Tempoe is a Financial Services company based in Manchester (United States) founded in 2009. It operates as a lease-to-own financing is offered for retail appliances, furniture, and electronics. Tempoe has completed 1 acquisition, including SmartPay Lease. Its chief executive is Chris Garrido. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is TEMPOE, LLC. Its competitors include Klarna, Afterpay, Zip, Sunbit and Snap Finance and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
TEMPOE provides lease to own, and other finance products for retailers for appliances, furniture and electronics. Customer will make their first payment at the time of the sale and the remaining payments for the 5 month minimum term are scheduled. Once the 5 months is up customers will have 3 options: Purchase the items, continue making payments or return the merchandise to TEMPOE. Early purchase options at 30, 60 and 90 days are available to customers. TEMPOE charges retailers a discount fee on the cash price of the lease items.
- Headquarters Manchester, United States
- SectorsFinancial Services
- Website tempoe.com
- Social LinkedIn X
- Legal Name Tempoe, Llc
- Latest Funding Round$150M (USD), Debt – Venture
Jan 2017
- Investments & Acquisitions
Funding Insights of Tempoe
- Total Rounds 1
- Last Round Debt – Venture — $150M
- First Round $150M
(Jan 2017)
All 1 funding rounds of Tempoe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | $150M | Debt – Venture | – | – | – |
People of Tempoe
1 people are tracked at Tempoe (1 in leadership).
| Name | Role | Group |
|---|---|---|
Chris Garrido | CEO & President | Leadership |
Complete people profiles for Tempoe
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Investments & Acquisitions by Tempoe
Tempoe has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SmartPay Lease.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Consumer leasing for electronics is facilitated through installment plans. | smartpaylease.com | San Francisco, United States | 2009 | Sep 2015 | •••• |
Complete acquisition details for Tempoe
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Timeline of Tempoe
3 dated milestones of Tempoe across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Tempoe is founded.
- Acquisition Acquires SmartPay Lease.
- Funding First funding round of $150.0M.
Competitors of Tempoe
Tempoe has 10 listed competitors in our database, 8 of them funded. They include Klarna, Afterpay, Zip, Sunbit and Snap Finance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| klarna.com | 2005 | Stockholm, Sweden | $4.19B | 369 | Point-of-sale financing is facilitated through an online platform for purchases. | |
| afterpay.com | 2014 | Melbourne, Australia | $35.37M | – | A buy now pay later service is offered by Afterpay. | |
| zip.co | 2013 | Sydney, Australia | – | 612 | Payment solutions are provided for deferred purchasing by Zip. | |
| sunbit.com | 2016 | Los Angeles, United States | $158.63M | 128 | Point-of-sale financing is facilitated via an online platform for retailers. | |
| snapfinance.com | 2012 | Salt Lake, United States | $30.09M | 621 | Merchandise financing is offered through partner stores. | |
| uplift.com | 2014 | Sunnyvale, United States | $146.2M | 119 | Point-of-sale financing for travel bookings is offered by Uplift. | |
| katapult.com | 2014 | New York, United States | – | – | An online platform for point-of-sale financing is offered to retailers. | |
| payjoy.com | 2015 | San Francisco, United States | $204.62M | 101 | Online platform for purchase financing | |
| sezzle.com | 2016 | Minneapolis, United States | $17.51M | 365 | Point-of-sale financing is enabled for installment purchases at partnered retailers. | |
| zebit.com | 2011 | Carlsbad, United States | $47M | – | Interest-free installment loans are enabled for merchants and customers. |
Detailed competitors of Tempoe
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Web traffic of Tempoe
The website of Tempoe (tempoe.com) receives about 3.3K visits a month.
- Monthly visits3.3K
▼ 5.1% vs previous month
Top companies in Alternative Lending
10 companies that operate in the same segment as Tempoe (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Tempoe
Complete news archive for Tempoe
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Frequently Asked Questions about Tempoe
Tempoe was founded in 2009 and raised its 1st funding round 8 years after it was founded.
Tempoe is headquartered in Manchester, United States.
Chris Garrido is the current CEO of Tempoe.
TEMPOE provides lease to own, and other finance products for retailers for appliances, furniture and electronics. Customer will make their first payment at the time of the sale and the remaining payments for the 5 month minimum term are scheduled. Once the 5 months is up customers will have 3 options: Purchase the items, continue making payments or return the merchandise to TEMPOE. Early purchase options at 30, 60 and 90 days are available to customers. TEMPOE charges retailers a discount fee on the cash price of the lease items.
Tempoe has made 1 acquisition, including SmartPay Lease.
Tempoe operates through Tempoe, Llc.