About Zero
Zero is a company based in San Francisco (United States) founded in 2016 by Bryce Galen and Joel Washington was acquired by Avant in April 2021.. Zero has raised $31 million across 5 funding rounds from investors including Avant, SVB and Neuberger Berman. Zero operates in a competitive market with competitors including Chime, Stash, Dave, Albert and Umba, among others.
- Headquarter San Francisco, United States
- Founders Bryce Galen, Joel Washington
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of Zero
Zero has successfully raised a total of $31M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in February 2020. 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 5
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(21 Sep 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Debt – Conventional - Zero | Valuation |
investors |
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| May, 2019 | Amount | Series A - Zero | Valuation | New Enterprise Associates | |
| Nov, 2018 | Amount | Debt – Venture - Zero | 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 Zero
Zero has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Avant, SVB and Neuberger Berman. 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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Secondary market fund focused on LP and direct secondary transactions
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Seed and early-stage startups are funded by SignalFire.
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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 Zero
| 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 - Zero
| 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 |
Zero Comparisons
Competitors of Zero
Zero 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 Chime, Stash, Dave, Albert and Umba, 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 |
Digital banking services are offered to individuals via mobile apps.
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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Digital banking services are provided for easier financial management.
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| domain | founded_year | HQ Location |
Digital banking app is offered for savings, investing, and budgeting.
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| domain | founded_year | HQ Location |
Digital banking solutions are offered to individuals through mobile apps.
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| domain | founded_year | HQ Location |
Digital banking services for consumers are offered via mobile app.
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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 Zero
Frequently Asked Questions about Zero
When was Zero founded?
Zero was founded in 2016.
Where is Zero located?
Zero is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Zero?
Bryce Galen is the current CEO of Zero. They have also founded this company.
Is Zero a funded company?
Zero is a funded company, having raised a total of $31M across 5 funding rounds to date. The company's 1st funding round was a Debt – Venture of $7M, raised on Sep 21, 2016.
What does Zero do?
Zero was founded in 2016 in San Francisco, United States, as a digital bank targeting individuals in the financial services sector. Deposit accounts, money transfers, and prepaid cards for online and offline purchases are provided, along with bill payments, cash withdrawals, and tools for budget and expense management. Operations focus on accessible digital financial tools.
Who are Zero's investors?
Zero has 7 investors. Key investors include Avant, SVB, Neuberger Berman, NEA, and SignalFire.
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