About Upside Saving
Upside Saving is a company based in London (United Kingdom) founded in 2020 by Andries Smit and Steve Fourie was acquired by Cheddar in March 2022.. Upside Saving has raised $408.61 thousand across 3 funding rounds from investors including ABN AMRO, Cheddar and Founders Factory. The company has 6 employees as of January 31, 2020. Upside Saving operates in a competitive market with competitors including Fondue, ShoppingGives, Loyalize, Hakamae and Bnfts, among others.
- Headquarter London, United Kingdom
- Employees 6 as on 31 Jan, 2020
- Founders Andries Smit, Steve Fourie
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Sectors
Retail
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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 Upside Money Ltd
- Date of Incorporation 09 Jan, 2020
- Jurisdiction LONDON
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Funding Insights of Upside Saving
Upside Saving has successfully raised a total of $408.61K across 3 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 3
- Last Round Last Round
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First Round
First Round
(12 Oct 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Upside Saving | Valuation | Founders Factory |
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| Mar, 2021 | Amount | Seed - Upside Saving | Valuation |
investors |
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| Oct, 2020 | Amount | Seed - Upside Saving | 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 Upside Saving
Upside Saving has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include ABN AMRO, Cheddar and Founders Factory. 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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Startup studio focused on fintech, telecoms, and multiple sectors
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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ABN AMRO is recognized as a personal bank in the digital era.
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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 Upside Saving
| 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 - Upside Saving
| 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 |
Upside Saving Comparisons
Competitors of Upside Saving
Upside Saving 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 Fondue, ShoppingGives, Loyalize, Hakamae and Bnfts, 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.
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| domain | founded_year | HQ Location |
SaaS-based cashback management solutions are provided for online businesses.
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| domain | founded_year | HQ Location |
Provider of cashback management solutions for businesses
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| domain | founded_year | HQ Location |
A white-label API platform enables reward-based loyalty and cashback earnings.
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| domain | founded_year | HQ Location |
Cashback management solutions are provided to companies through specialized websites.
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| domain | founded_year | HQ Location |
Delivers a comprehensive app for effective cashback management solutions.
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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 Upside Saving
Frequently Asked Questions about Upside Saving
When was Upside Saving founded?
Upside Saving was founded in 2020.
Where is Upside Saving located?
Upside Saving is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Upside Saving?
Andries Smit is the current CEO of Upside Saving. They have also founded this company.
Is Upside Saving a funded company?
Upside Saving is a funded company, having raised a total of $408.61K across 3 funding rounds to date. The company's 1st funding round was a Seed of $408.61K, raised on Oct 12, 2020.
How many employees does Upside Saving have?
As of Jan 31, 2020, the latest employee count at Upside Saving is 6.
What does Upside Saving do?
Founded in 2020 and based in London, United Kingdom, Upside Saving operates in the fintech sector. App-based solutions for cashback and reward management are offered, featuring AI-driven automatic tracking of cashback earnings. An SDK is provided for linking user accounts to banks, along with data integration support for open banking providers and transaction management capabilities. The mobile application is available exclusively for iOS users.
Who are the top competitors of Upside Saving?
Upside Saving's top competitors include ShoppingGives, Fondue and Loyalize.
Who are Upside Saving's investors?
Upside Saving has 4 investors. Key investors include ABN AMRO, Cheddar, Founders Factory, and Techstars.
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