About Young Money
Young Money is a company based in Copenhagen (Denmark) founded in 2012.. Young Money has raised $2.6 million across 2 funding rounds from investors including Nykredit, Trifork and Spar Nord.
- Headquarter Copenhagen, Denmark
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
- Legal Name &Money Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.6 M (USD)
in 2 rounds
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Latest Funding Round
$800.35 K (USD), Seed
Jun 11, 2021
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Investors
Nykredit
& 3 more
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Employee Count
Employee Count
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Funding Insights of Young Money
Young Money has successfully raised a total of $2.6M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $800.35 thousand completed in June 2021. 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 2
- Last Round Seed — $800,350
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First Round
First Round
(23 Oct 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Young Money | Valuation |
investors |
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| Oct, 2019 | Amount | Seed - Young Money | 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 Young Money
Young Money has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Nykredit, Trifork and Spar Nord. 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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IT advisory and custom applications are supplied for various sectors.
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Founded Year | Domain | Location | |
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Provides banking services, loans, investments, and financial advice in Denmark.
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Founded Year | Domain | Location | |
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Provider of banks, insurance and loans related services
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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 Young Money
| 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 - Young Money
| 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 |
Young Money Comparisons
Competitors of Young Money
| 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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Frequently Asked Questions about Young Money
When was Young Money founded?
Young Money was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Where is Young Money located?
Young Money is headquartered in Copenhagen, Denmark.
Is Young Money a funded company?
Young Money is a funded company, having raised a total of $2.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.8M, raised on Oct 23, 2019.
What does Young Money do?
Young Money was founded in 2012 in Copenhagen, Denmark, within the fintech sector focused on child financial tools. Prepaid payment cards tailored for children are offered, alongside a mobile app available on Android and iOS that displays account balances and transaction histories. Funds can be transferred by parents to child accounts, with built-in controls to manage spending. Operations center on enabling supervised financial experiences for young users.
Who are Young Money's investors?
Young Money has 4 investors. Key investors include Nykredit, Trifork, Spar Nord, and Arbejdernes Landsbank.
What is Young Money's valuation?
The valuation of Young Money is $3.19M as of Jun 2021.