Grove

wealthtech-retail

FOUNDING YEAR: 2005
LOCATION: United Kingdom
Last Update: 19/01/2021

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About

No ego. No agenda. Just advice.

MEDICI Analysis

Grove offers personalized financial advice to users that helps them to achieve their financial goals. It has developed a software that can gather user’s financial information and then assist advisors in using the inputs to create a financial plan for them.

Focus

PRODUCTS & SERVICES

Grove’s software automates the information-gathering process and develops algorithms to streamline financial planning for users. The platform enables users to directly interact with a team of financial advisors about their financial goals and savings plan.

REVENUE MODEL

The company earns by charging membership fee which is $600 per year.

MAIN CLIENTS

Retail customers

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$10.1 M

DATE OF LAST FUNDING

Jun 2018

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$2.1 M

SEED CLOSED ON

Jun 2017

FUNDING SERIES

SERIES A  · $8 M  · Jun 2018

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

Wealthfront

ANNOUNCED DATE

Aug 2019

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

2,151

AVERAGE VISITS (6 MONTHS)

1,420.5

MONTHLY VISITS GROWTH

101.16%

VISIT DURATION

254

VISIT DURATION GROWTH

2,105.87%

PAGE VIEWS VISIT

1.91

PAGE VIEWS VISIT GROWTH

21.23%

BOUNCE RATE

45.48%

BOUNCE RATE GROWTH

-12.62%

GLOBAL TRAFFIC RANK

4,096,571

MONTHLY RANK CHANGE

-5,246,349

MONTHLY RANK GROWTH

-56.15%

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