About Think Money
Think Money is a company based in Manchester (United Kingdom) founded in 2005 was acquired by Alchemy Partners in July 2007.. The company has 303 employees as of January 31, 2020. Think Money has completed 1 acquisition, including Ocean Finance. Think Money offers products and services including Current Accounts, Credit Card, Loans, and Budgeting Tools. Think Money operates in a competitive market with competitors including Stash, Kroo, Algbra, Fintech Farm and Dozens, among others.
- Headquarter Manchester, United Kingdom
- Employees 303 as on 31 Jan, 2020
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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 Think Money Limited
- Date of Incorporation 08 Aug, 2005
- Jurisdiction MANCHESTER
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Annual Revenue
$21.8 M (USD)-5as on Jan 31, 2021
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Net Profit
$-5.71 M (USD)-702as on Jan 31, 2021
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EBITDA
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Latest Funding Round
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Investors
ECI Partners
& 1 more
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Employee Count
303
as on Jan 31, 2020
- Investments & Acquisitions
- Acquired by
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Products & Services of Think Money
Think Money offers a comprehensive portfolio of products and services, including Current Accounts, Credit Card, Loans, and Budgeting Tools. 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.
Accounts for everyday transactions and money management.
Card for borrowing and making purchases with interest.
Financial products for personal borrowing needs.
Tools to track and plan spending and saving activities.
Unlock access to complete
Funding Insights of Think Money
| 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 Think Money
Think Money has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include ECI Partners and Alchemy Partners. 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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Founded Year | Domain | Location | |
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Private equity firm
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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 Think Money
Think Money has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ocean Finance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Personal and homeowner loans are brokered online for UK residents.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Think Money
| 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 |
Think Money Comparisons
Competitors of Think Money
Think Money 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 Stash, Kroo, Algbra, Fintech Farm and Dozens, 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 |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Provider of digital banking services for individuals
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| domain | founded_year | HQ Location |
A digital banking platform is provided for individual users.
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| domain | founded_year | HQ Location |
Digital banking services for individuals are offered.
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| domain | founded_year | HQ Location |
Provider of retail banking services
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| domain | founded_year | HQ Location |
Current accounts and money management apps are provided to individuals.
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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 Think Money
Frequently Asked Questions about Think Money
When was Think Money founded?
Think Money was founded in 2005.
Where is Think Money located?
Think Money is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
How many employees does Think Money have?
As of Jan 31, 2020, the latest employee count at Think Money is 303.
What is the annual revenue of Think Money?
Annual revenue of Think Money is $21.8M as on Jan 31, 2021.
What does Think Money do?
Thinkmoney is a FCA certified electronic money institution that provides a personal account with prepaid card. Users wages, benefits and tax credits are paid into his thinkmoney account. It automatically sets aside the money user needs to cover their regular bills and commitments, and the rest of the money is moved into the card account for users to spend. Theres a monthly management fee of 17.50. It is not a bank and users money is held in a trust account at Royal Bank of Scotland (RBS). It is a part of Think Money group.
Who are the top competitors of Think Money?
What products or services does Think Money offer?
Think Money offers Current Accounts, Credit Card, Loans, and Budgeting Tools.
How many acquisitions has Think Money made?
Think Money has made 1 acquisition, including Ocean Finance.
Who are Think Money's investors?
Think Money has 2 investors. Key investors include ECI Partners, and Alchemy Partners.