About U Account
U Account is a company based in Sheffield (United Kingdom) founded in 2012 was acquired by Shelby Finance in June 2019.. The company has 4 employees as of December 31, 2018. U Account offers products and services including U Account, Prepaid Mastercard, and U Account App. U Account operates in a competitive market with competitors including Stash, Kroo, Algbra, Fintech Farm and Dozens, among others.
- Headquarter Sheffield, United Kingdom
- Employees 4 as on 31 Dec, 2018
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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 Shelby Finance Ltd
- Date of Incorporation 25 Jun, 2012
- Jurisdiction LONDON
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Annual Revenue
$40.63 M (USD)114as on Feb 28, 2022
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Net Profit
$-9.94 M (USD)35as on Feb 28, 2022
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EBITDA
$-10.96 M (USD)29as on Feb 28, 2022
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Latest Funding Round
- Investors
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Employee Count
4
as on Dec 31, 2018
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Acquired by
Shelby Finance
(Jun 24, 2019)
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Products & Services of U Account
U Account offers a comprehensive portfolio of products and services, including U Account, Prepaid Mastercard, and U Account App. 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.
Online platform for budgeting, payments, and money management.
Contactless card for secure online and in-store transactions.
App for tracking spending and managing funds on iOS and Android.
Funding Insights of U Account
| 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 U Account
U Account has secured backing from 1 investor. Prominent investors backing the company include Shelby Finance. 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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Loan guiding and lending services are provided to borrowers.
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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 U Account
| 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 - U Account
| 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 |
U Account Comparisons
Competitors of U Account
U Account 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 |
|---|---|---|---|---|
| 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 U Account
Frequently Asked Questions about U Account
When was U Account founded?
U Account was founded in 2012.
Where is U Account located?
U Account is headquartered in Sheffield, United Kingdom. It is registered at Sheffield, England, United Kingdom.
How many employees does U Account have?
As of Dec 31, 2018, the latest employee count at U Account is 4.
What is the annual revenue of U Account?
Annual revenue of U Account is $40.63M as on Feb 28, 2022.
What does U Account do?
U Account was established in 2012 in Sheffield, United Kingdom, within the digital banking sector. Operations are conducted via a mobile app available on iOS and Android devices. Services provided include money transfers, cash withdrawals, consumer loans, and NFC-enabled prepaid cards for online and offline purchases. The platform focuses on consumer financial needs in the UK market.
Who are the top competitors of U Account?
What products or services does U Account offer?
U Account offers U Account, Prepaid Mastercard, and U Account App.
Who are U Account's investors?
U Account has 1 investor. Key investors include Shelby Finance.