About Up
Up is a company based in Melbourne (Australia) founded in 2017 by Dominic Pym and Grant Thomas was acquired by Bendigo Bank in August 2021. It operates as a FinTech. Up offers products and services including Up Banking, Up Home, and Travel Easy. Up operates in a competitive market with competitors including Douugh, Place Technology, YONDR, Slick Account and Calqulate, among others.
- Headquarter Melbourne, Australia
- Founders Dominic Pym, Grant Thomas
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Bendigo And Adelaide Bank Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Bendigo Bank
(Aug 17, 2021)
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Products & Services of Up
Up offers a comprehensive portfolio of products and services, including Up Banking, Up Home, and Travel Easy. 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.
Digital banking tools are provided for financial control.
Homeownership journey is supported with stress-free mobile tools.
Travel finance tools are offered with zero fees.
Funding Insights of Up
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Up
Up has secured backing from 1 investor. Prominent investors backing the company include Bendigo Bank. 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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Bendigo Bank is recognized as a leading Australian banking institution.
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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 Up
| 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 - Up
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Up Comparisons
Competitors of Up
Up 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 Douugh, Place Technology, YONDR, Slick Account and Calqulate, 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 |
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| domain | founded_year | HQ Location |
Digital banking services for individuals are offered via mobile app.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and forecasting software for businesses
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| domain | founded_year | HQ Location |
Digital banking services for individuals are offered by YONDR.
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| domain | founded_year | HQ Location |
Accounting software is offered for small businesses' financial management.
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| domain | founded_year | HQ Location |
Cloud-based financial forecasting and budgeting software is offered for businesses.
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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 Up
Frequently Asked Questions about Up
When was Up founded?
Up was founded in 2017.
Where is Up located?
Up is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does Up do?
Up is operated as a digital banking platform under Bendigo and Adelaide Bank Limited, focusing on modern financial tools for over 1 million Australians. Services are provided in sectors like personal finance, travel, and homeownership support. Solutions are designed to automate savings, track spending, and simplify expense sharing among users, while offering fee-free international transactions and mobile-friendly homeownership guidance.
Who are the top competitors of Up?
Up's top competitors include Douugh, Place Technology and YONDR.
What products or services does Up offer?
Up offers Up Banking, Up Home, and Travel Easy.
Who are Up's investors?
Up has 1 investor. Key investors include Bendigo Bank.
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