About WeMoney
WeMoney is a company based in Australia founded in 2020. It operates as a Freemium, and FinTech. WeMoney has raised $19.68 million across 4 funding rounds from investors including Mastercard, Dorado Capital and Lance East Office. WeMoney offers products and services including WeMoney App. WeMoney operates in a competitive market with competitors including OneScore, Clear Score, SkorLife, CreditMantri and Credit Information Bureau, among others.
- Headquarter Australia
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wemoney Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.68 M (USD)
in 4 rounds
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Latest Funding Round
$7.68 M (USD), Series A
Apr 22, 2025
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Investors
Mastercard
& 12 more
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Employee Count
Employee Count
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Products & Services of WeMoney
WeMoney offers a comprehensive portfolio of products and services, including WeMoney 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.
Financial wellness app for tracking and managing debt.
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Funding Insights of WeMoney
WeMoney has successfully raised a total of $19.68M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $7.68 million completed in April 2025. 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 Series A — $7.7M
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First Round
First Round
(28 Sep 2020)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series A - WeMoney | Valuation | Lance East Office | |
| May, 2024 | Amount | Series A - WeMoney | Valuation |
investors |
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| Jul, 2022 | Amount | Series A - WeMoney | Valuation |
investors |
| 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 WeMoney
WeMoney has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mastercard, Dorado Capital and Lance East Office. 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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A family office managing private investments and philanthropy.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Dream Ventures is focused on supporting female founders with fundraising and growth strategies.
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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 WeMoney
| 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 - WeMoney
| 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 |
Wemoney Comparisons
Competitors of WeMoney
WeMoney 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 OneScore, Clear Score, SkorLife, CreditMantri and Credit Information Bureau, 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 |
Free credit scores and personalized improvement insights are provided.
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| domain | founded_year | HQ Location |
Credit scores and reports are accessed by individuals online.
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| domain | founded_year | HQ Location |
Developer of a platforms offering credit score checks
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| domain | founded_year | HQ Location |
Credit scores are accessed and analyzed via an app-based platform.
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| domain | founded_year | HQ Location |
Credit scoring data and customer information provider
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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 Wemoney
Frequently Asked Questions about WeMoney
When was WeMoney founded?
WeMoney was founded in 2020.
Where is WeMoney located?
WeMoney is headquartered in Australia.
Is WeMoney a funded company?
WeMoney is a funded company, having raised a total of $19.68M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Sep 28, 2020.
What does WeMoney do?
WeMoney is a financial wellness application designed to help users track and manage their debts effectively. Operating in the personal finance sector, it offers solutions for budgeting, bill tracking, and debt consolidation. Personalized offers and community support are provided to enhance financial health across Australia.
Who are the top competitors of WeMoney?
WeMoney's top competitors include OneScore, SkorLife and Clear Score.
What products or services does WeMoney offer?
WeMoney offers WeMoney App.
Who are WeMoney's investors?
WeMoney has 13 investors. Key investors include Mastercard, Dorado Capital, Lance East Office, BetterLabs, and Eastcourt.