• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Gamification based savings app for millennials. The app helps people to save money on their daily based goals.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Consumers
EXISTING PARTNERSHIPS:
Plaid, Lincoln Savings Bank
COMMENT
Qapital uses "If This Then That" (IFTTT) triggers to create a gamified savings system for millennials. Qapital set up savings triggers to automatically put money toward savings goals every time when buy from Starbucks or walk another mile.

PEOPLE

FOUNDERS:
Erik Akterin, George Friedman, Fredrik Straat, Andreas Källbom, Henrik Wrangel
Board Members and Advisors:
Pär-Jörgen Pärson, Peter Read
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Alex Zubillaga, Charles Noonan, Entree Capital, Marcus Siezing, Northzone, Peter Read, Grape Arbor VC, Industrifonden, Tribeca Angels, Anthemis Exponential Ventures, Rocketship.vc, Tribeca Angels, Industrial Development Fund, Entree Capital, Swedbank Robur
KEY EMPLOYEES:
George Friedman(CEO); Erik Akterin(CTO); Joseph Schlichter(COO)

TRACTION

VALUATION / MARKET CAP:
$23.07 MM in 2016

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$53.1 Millions
DATE OF LAST FUNDING:
Apr 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund to expand its user base globally(April 2018).
SEED & PRIOR FUNDING:
$11 Million
SEED CLOSED ON:
Feb 2016
FUNDING SERIES:
SERIES A
$12 Million Closed: Mar 2017
SERIES B
$30 Millions Closed: Apr 2018
LISTED:
NO

LATEST RESEARCH