About Wollit
Wollit is a company based in London (United Kingdom) founded in 2015.. Wollit has raised $5.41 million across 3 funding rounds from investors including BBVA, Fuel Ventures and Anthemis Group. The company has 5 employees as of April 30, 2021. Wollit offers products and services including Credit Builder, Rent Reporting, and Profile Optimization. Wollit operates in a competitive market with competitors including Vanquis, LOQBOX, Bits, BuildMyCreditScore and Faciit, among others.
- Headquarter London, United Kingdom
- Employees 5 as on 30 Apr, 2021
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wollit Ltd
- Date of Incorporation 23 Mar, 2017
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.41 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
BBVA
& 2 more
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Employee Count
5
as on Apr 30, 2021
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Products & Services of Wollit
Wollit offers a comprehensive portfolio of products and services, including Credit Builder, Rent Reporting, and Profile Optimization. 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.
Builds credit via monthly payments reported to agencies
Converts rent payments into credit history entries
Offers tips to enhance credit approval chances
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Funding Insights of Wollit
Wollit has successfully raised a total of $5.41M 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
(23 Dec 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - Wollit | Valuation | Fuel Ventures |
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| Oct, 2021 | Amount | Seed - Wollit | Valuation |
investors |
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| Dec, 2019 | Amount | Seed - Wollit | Valuation | Anthemis Group , BBVA |
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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 Wollit
Wollit has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include BBVA, Fuel Ventures and Anthemis Group. 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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Early and growth-stage startups are funded by Anthemis Group.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Banking and financial service provider
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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 Wollit
| 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 - Wollit
| 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 |
Wollit Comparisons
Competitors of Wollit
Wollit 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 Vanquis, LOQBOX, Bits, BuildMyCreditScore and Faciit, 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 |
Offers credit cards, savings accounts, loans, and financial tools for individuals.
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| domain | founded_year | HQ Location |
Provider of financial tools for credit scores repair
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| domain | founded_year | HQ Location |
Developer of virtual credit cards for consumers to build credit scores
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| domain | founded_year | HQ Location |
Provider of a debit card service for credit score building
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| domain | founded_year | HQ Location |
Provides an online marketplace for credit builder loans designed for 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 Wollit
Frequently Asked Questions about Wollit
When was Wollit founded?
Wollit was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Wollit located?
Wollit is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Wollit a funded company?
Wollit is a funded company, having raised a total of $5.41M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.29M, raised on Dec 23, 2019.
How many employees does Wollit have?
As of Apr 30, 2021, the latest employee count at Wollit is 5.
What does Wollit do?
Wollit was founded in 2015 in London, United Kingdom, within the fintech sector. An online platform is operated to enable cash advances for individuals, with salary slips utilized to determine eligibility. Income Promise is offered as a fixed advance amount derived from average payslip figures. Provisions are made for advances in instances of reduced income. Businesses are also supported in extending cash advances to other businesses.
What products or services does Wollit offer?
Wollit offers Credit Builder, Rent Reporting, and Profile Optimization.
Who are Wollit's investors?
Wollit has 3 investors. Key investors include BBVA, Fuel Ventures, and Anthemis Group.
What is Wollit's valuation?
The valuation of Wollit is $14.03M as of Oct 2021.