About WorkingPoint
WorkingPoint is a company based in San Francisco (United States) founded in 2005 was acquired by OpenTransact in November 2014.. WorkingPoint has raised $16.12 million across 4 funding rounds from investors including OpenTransact and CMEA Capital. WorkingPoint offers products and services including Accounting Software, Invoicing Tool, Expense Management, and Contact Management. WorkingPoint operates in a competitive market with competitors including Intuit, Visma, Wave, Xero and FreshBooks, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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Phone
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Website
*********
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Social
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- Legal Name Workingpoint, 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
$16.12 M (USD)
in 4 rounds
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Latest Funding Round
$187.63 K (USD), Series B
Apr 25, 2012
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Investors
OpenTransact
& 1 more
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Employee Count
Employee Count
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Acquired by
OpenTransact
(Nov 04, 2014)
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Products & Services of WorkingPoint
WorkingPoint offers a comprehensive portfolio of products and services, including Accounting Software, Invoicing Tool, Expense Management, and Contact Management. 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.
Software for managing small business finances and reporting.
Tool for creating and sending invoices to customers.
System for tracking and categorizing business expenses.
Platform for storing and organizing customer information.
Funding Insights of WorkingPoint
WorkingPoint has successfully raised a total of $16.12M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $187.63 thousand completed in April 2012. 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 B — $187,632
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First Round
First Round
(16 Mar 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2012 | Amount | Series B - WorkingPoint | Valuation | CMEA Capital |
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| Aug, 2010 | Amount | Series B - WorkingPoint | Valuation |
investors |
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| Apr, 2010 | Amount | Series B - WorkingPoint | 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 WorkingPoint
WorkingPoint has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include OpenTransact and CMEA Capital. 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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Founded Year | Domain | Location | |
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Diversified payment solutions are provided for business operations.
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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 WorkingPoint
| 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 - WorkingPoint
| 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 |
Workingpoint Comparisons
Competitors of WorkingPoint
WorkingPoint 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 Intuit, Visma, Wave, Xero and FreshBooks, 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 |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting software is provided for small businesses and freelancers.
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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 Workingpoint
Frequently Asked Questions about WorkingPoint
When was WorkingPoint founded?
WorkingPoint was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Where is WorkingPoint located?
WorkingPoint is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is WorkingPoint a funded company?
WorkingPoint is a funded company, having raised a total of $16.12M across 4 funding rounds to date. The company's 1st funding round was a Series B of $9.07M, raised on Mar 16, 2009.
What does WorkingPoint do?
WorkingPoint was founded in 2005 as a web-based SaaS platform in the financial software sector. Integrated tools for bookkeeping, invoicing, sales, customer relationship management, and inventory are provided to small businesses and sole proprietorships in the United States. Operations are based in San Francisco, with venture backing from CMEA, focusing on streamlined business functions for efficiency.
Who are the top competitors of WorkingPoint?
What products or services does WorkingPoint offer?
WorkingPoint offers Accounting Software, Invoicing Tool, Expense Management, and Contact Management.
Who are WorkingPoint's investors?
WorkingPoint has 2 investors. Key investors include OpenTransact, and CMEA Capital.