About Tongo
Tongo is a company based in Brooklyn (United States) founded in 2016 by Luis Scull Baptista and Brandon Wright. It operates as a FinTech, and Commission-Based. Tongo has raised $12.56 million across 4 funding rounds from investors including NEW VALLEY, Good Friends and Launchpad. Tongo offers products and services including Financial Benefits Platform, Commission Advance, and Taxes. Tongo operates in a competitive market with competitors including Kyriba, HomeSpotter, MoxiWorks, Equator and Perchwell, among others.
- Headquarter Brooklyn, United States
- Founders Luis Scull Baptista, Brandon Wright
-
Sectors
Real Estate & ConstructionFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$12.56 M (USD)
in 4 rounds
-
Latest Funding Round
$10.09 M (USD), Seed
Sep 22, 2022
-
Investors
NEW VALLEY
& 8 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Tongo
Tongo offers a comprehensive portfolio of products and services, including Financial Benefits Platform, Commission Advance, and Taxes. 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.
Platform for commission payments and financial wellness tools.
Advance on commissions like a credit line option.
Tax filing service with flat rate and refunds.
Unlock access to complete
Leadership Team
3 people
Co Team
1 people
Software Development Team
1 people
Product Management Team
1 people
Unlock access to complete
Funding Insights of Tongo
Tongo has successfully raised a total of $12.56M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $10.09 million completed in September 2022. 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 4
- Last Round Seed — $10.1M
-
First Round
First Round
(16 May 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Tongo | Valuation | PropTechVC , MetaProp NYC | |
| Jul, 2017 | Amount | Seed - Tongo | Valuation |
investors |
|
| Jan, 2017 | Amount | Seed - Tongo | Valuation | Entrepreneurs Roundtable Accelerator |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tongo
Tongo has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include NEW VALLEY, Good Friends and Launchpad. 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 |
|---|---|---|---|---|
|
Early-stage companies are invested in by this venture capital fund.
|
Founded Year | Domain | Location | |
|
Early-stage venture capital is invested in consumer sector startups.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Tongo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Tongo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tongo Comparisons
Competitors of Tongo
Tongo 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 Kyriba, HomeSpotter, MoxiWorks, Equator and Perchwell, 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 |
Cloud-based treasury automation and risk management solutions are provided.
|
|
| domain | founded_year | HQ Location |
Branded home search apps for real estate agents are developed.
|
|
| domain | founded_year | HQ Location |
CRM and marketing solutions are provided for real estate agents.
|
|
| domain | founded_year | HQ Location |
SaaS-enabled analytics solutions for residential properties are provided.
|
|
| domain | founded_year | HQ Location |
SaaS-based provider of diversified real estate solutions
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Tongo
When was Tongo founded?
Tongo was founded in 2016.
Where is Tongo located?
Tongo is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Tongo?
Brandon Wright is the current CEO of Tongo. They have also founded this company.
Is Tongo a funded company?
Tongo is a funded company, having raised a total of $12.56M across 4 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on May 16, 2016.
What does Tongo do?
Financial tools and services are offered by Tongo to support real estate agents. A platform for commission payments and wellness tools is provided. Commission advances are made available as a line of credit. Tax filing services are included to simplify processes. The focus is placed on stabilizing incomes and aiding business growth. Solutions are tailored for the commission-based economy in the real estate sector.
Who are the top competitors of Tongo?
Tongo's top competitors include Kyriba, Perchwell and HomeSpotter.
What products or services does Tongo offer?
Tongo offers Financial Benefits Platform, Commission Advance, and Taxes.
Who are Tongo's investors?
Tongo has 9 investors. Key investors include NEW VALLEY, Good Friends, Launchpad, Elizabeth Street, and Red Bike Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.