Qapital

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2012
LOCATION:
Last Update: 03/07/2020

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About

Qapital is a savings and personal finance platform that enables users to organize their finances in a single place by connecting to their online accounts. Using Qapital’s tools, users can assign certain financial rewards to daily goals like reducing spending at restaurants or grocery stores to cutting down on drinks out or doing more exercise.

Focus

PRODUCTS & SERVICES

Gamification based savings app for millennials. The app helps people to save money on their daily based goals.

REVENUE MODEL

Company offer free app services to customers

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.

Traction

VALUATION / MARKET CAP:

$23.07 M in 2016

People

FOUNDERS

Katherine Salisbury

George Friedman

Erik Akterin

BOARD MEMBERS AND ADVISORS

Pär-Jörgen Pärson

Peter Read

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Alex Zubillaga

Anthemis Exponential Ventures

Charles Noonan

Entree Capital

Entree Capital

Entree Capital

Grape Arbor VC

Greyhound Capital

Greyhound Capital

Industrial Development Fund

Industrifonden

Industrifonden

Industrifonden

Marcus Siezing

NorthZone

NorthZone

NorthZone

Peter Read

rocketship.vc

rocketship.vc

rocketship.vc

Swedbank Robur

Tribeca Angels

KEY EMPLOYEES:

George Friedman(CEO); Erik Akterin(CTO); Joseph Schlichter(COO)

Momentum

FUNDED

YES

TOTAL FUNDING

$43.8 M

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

$1.8 M

FUNDING SERIES

SERIES A  · $12 M  · Feb 2017

SERIES B  · $30 M  · Apr 2018

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2012

LOCATION:

Views:

378 VISITORS | 669 VIEWS
LATEST FUNDING ROUND

$43.8 M

TOTAL EMPLOYEES
51-200

About

Qapital is a savings and personal finance platform that enables users to organize their finances in a single place by connecting to their online accounts. Using Qapital’s tools, users can assign certain financial rewards to daily goals like reducing spending at restaurants or grocery stores to cutting down on drinks out or doing more exercise.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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