United Income
About United Income
United Income is a company founded in 2016 by Matt Fellowes was acquired by Capital One Ventures in August 2019.. United Income has raised $15.92 million across 5 funding rounds from investors including Capital One Ventures and Omidyar Network India. The company has 40 employees as of December 31, 2022. United Income operates in a competitive market with competitors including Betterment, Stash, Wealthsimple, Wealthfront and Wahed, among others.
- Employees 40 as on 31 Dec, 2022
- Founders Matt Fellowes
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name United Income Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.92 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Capital One Ventures
& 1 more
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Employee Count
40
as on Dec 31, 2022
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Acquired by
Capital One Ventures
(Aug 21, 2019)
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Funding Insights of United Income
United Income has successfully raised a total of $15.92M across 5 strategic funding rounds. 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 5
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series A - United Income | Valuation | Capital One Ventures |
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| Aug, 2018 | Amount | Series A - United Income | Valuation |
investors |
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| Feb, 2017 | Amount | Seed - United Income | Valuation |
investors |
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| 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 United Income
United Income has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Capital One Ventures and Omidyar Network India. 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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Tech startups are invested in by Capital One Ventures firm.
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Founded Year | Domain | Location | |
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Investments are made in digital society, education, and employability sectors.
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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 United Income
| 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 - United Income
| 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 |
United Income Comparisons
Competitors of United Income
United Income 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 Betterment, Stash, Wealthsimple, Wealthfront and Wahed, 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 |
App-based automated investment and retirement planning platform
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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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| domain | founded_year | HQ Location |
Robo-advisory and financial planning services are provided for investments.
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| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| domain | founded_year | HQ Location |
Investment accounts are linked and portfolios managed online.
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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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Frequently Asked Questions about United Income
When was United Income founded?
United Income was founded in 2016.
Who is the current CEO of United Income?
Matt Fellowes is the current CEO of United Income. They have also founded this company.
Is United Income a funded company?
United Income is a funded company, having raised a total of $15.92M across 5 funding rounds to date. The company's 1st funding round was a Seed of $800K, raised on Jun 01, 2016.
How many employees does United Income have?
As of Dec 31, 2022, the latest employee count at United Income is 40.
What does United Income do?
United Income was founded in 2016 by Matt Fellowes as an investment management platform focused on retirement. Users retirement goals and expense needs are assessed through an online interface, where capital is planned, invested, and rebalanced with financial advisor input. Services include tax optimization, cash withdrawal management, and portfolio adjustments to support long-term capital accumulation in the fintech sector.
Who are the top competitors of United Income?
United Income's top competitors include Betterment, Wealthsimple and Stash.
Who are United Income's investors?
United Income has 2 investors. Key investors include Capital One Ventures, and Omidyar Network India.