Changelog
Showing the latest 10 of 57 total updates. The last update was made on December 15th, 2024.
Forecastr was added to Finance
Mosaic was added to Finance
Auquan was added to Finance
NerdWallet was added to Finance
Wise was added to Finance
was added to Finance
Funding Circle was added to Finance
Revenue updated for Plum
Wealth.com was added to Finance
Revenue updated for Intuit
In this report we're tracking $560M in monthly recurring revenue and $200M in funding.
#1
ProjectionLab: $52K in Monthly Recurring Revenue
financial future simulation
ProjectLab, launched by Kyle Nolan in 2021, supports users with their financial planning.
The business can simulate financial futures and build plans targeting goals like financial independence and early retirement.
Various investment strategies can be experimented with and analysed to understand the possible financial outcomes of each decision.
There are three pricing tiers in place. The Basic package is free, and the Premium offering which costs $14 per month adds additional tax projections. The $65 Pro plan can also be used to manage clients.
In November 2023 Kyle left his corporate job to focus full-time on ProjectionLab, and has now grown the business to more than 4,300 customers and over $52,000 in monthly recurring revenue.
#2
Autopilot: $1M in Annual Revenue
Automated investment facilitating service
Autopilot was launched as an automated investment platform by Chris Josephs in February 2023.
Using a customer's preferred brokers, the Autopilot service invests their money alongside other top investors which can be selected by the users based on their investing preferences.
To date, over $50 million has been invested with the platform by over 11,000 investors, each paying $30 per quarter for the service.
Within the first ten weeks of launch, the Autopilot app had over 100,000 downloads and grew to $500,000 in annual recurring revenue. After four months this had grown to $1 million in ARR, thanks to continued growth and developments of things like the GPT portfolio.
#3
Forecastr: $1M in Annual Recurring Revenue
Financial forecasting software
Launched in 2018, Forecast is an atypical finance software that helps businesses forecast revenue and runway, understand their numbers, and hit their growth target.
It was co-founded by Steven Plappert and Logan Burchett and has $1 million in annual recurring revenue. Forecastr is Plappert’s second startup. His first, FantasyHub, closed its doors after 4 years. Still, Plappert used all his learnings from FantasyHub and built an online solution that has the consumer at heart.
With Forecastr, businesses can easily find out what metrics to track, how to set smart benchmarks and targets, and how to keep financial planning models current for the lifetime of their subscription.
The platform aims to help businesses raise capital quickly, by attracting investors and stakeholders with great financial forecasting reports.
Through Forecastr, businesses can also access a team of financial analysts and fractional CFOs experienced in building great financial models for businesses of different sizes.
#4
Livewire Markets: $3.8M in Annual Revenue
Finance news from industry experts
Livewire is a source of investment insights which was founded in 2013 by James Marlay and Tom McKay who wanted to support the way investors make important financial decisions.
What started as a social media platform, quickly pivoted to provide investment news, ideas, and analysis from Australia’s leading professionals in the field.
Livewire has over 500 contributors who share their unique insights and market thoughts, so readers can be constantly kept up to date with the state of key financial markets.
Essentially, the site aims to simplify the investment field so that the site’s 250,000 monthly users can make educated investment decisions.
The latest financial reports show the business reached $3.81 million in annual revenue, which is a significant increase on the $3.2 million from the year before.
#5
Auquan: $8M in Funding
AI-powered finance assistance
Chandini and Jub Chain co-founded Auquan with a clear mission: to free up finance professionals from the manual, time-consuming data work, and allow them to focus on what attracted them to finance in the first place – making strategic decisions, building relationships, and leaving a mark.
Using purpose-built AI technology, Auquan can easily take on complex workflows and break them down into individual tasks to generate compliance reports, fund reportings, memos, and more. This way, financial professionals can stop spending hours and hours on repetitive data searches and manual reports, and shift their focus to high-level analysis.
With a total of $8 million in funding, Auquan helps companies eliminate manual knowledge work by 80% or more. For example, a new deal screen can be done in five minutes instead of 10 hours. A credit memo can take 20 minutes instead of five to seven days.
Auquan can support in different fields, from private equity and assets management to private credit, investment banks, and insurance.
#6
Wealth.com: $46M in Funding
Estate management
Like many other successful startups, Wealth.com was the result of challenging experiences, this time within the estate planning market. Back in 2021, serial entrepreneur Rei Carvalho was looking for a one-time solution to visualise his finances and estate plans together and quickly optimise over time.
After gathering a strong team, including co-founders Danny Lohrfink and Rafael Loureiro, Wealth.com was launched to transform the wealth management industry with help from best-in-class technology led by AI and human expertise.
With a total of $46M in funding, the platform is already utilised by 500+ wealth management companies to offer complex estate plans that quickly adapt to their customers’ needs.
On the platform, financial advisors can access estate planning reports and documents, together with a visualisation suite and an advisor portal to track their clients’ progress, run custom reports, and connect with the Wealth.com Partner Success team.
#7
Mosaic: $71M in Funding
Finance planning platform
Bijan Moallemi, Joe Garafalo, and Brian Campbell started Mosaic in 2019 to provide CFOs and their teams with strategic planning tools that can predict and forecast with better accuracy and faster speed.
The trio is known for building out Palantir Technologies' finance organisation when it grew to 2,500 people. It’s then that they noticed the lack of tools to keep up with the needs and requests of the business.
With a total of $71 million in funding, Mosaic positions itself as a strategic finance platform that helps small businesses and mid-market automate low-level work and focus 80% of their time on strategic business decisions. Mosaic also helps businesses save money, as, on average, it can replace the cost of 1.5 financial analysts.
The platform comes with three layers of planning – expense, revenue, and headcount. Mosaic also offers solutions for financial and cash flow forecasting.
#8
Plum: $75M in Funding
Smart money app
From a millennial with no savings to founder of the Best Personal Finance App at the British Bank Awards 2023, Victor Trokoudes who was previously Head of International and Banking at Wise, was inspired by his financial challenges when he created Plum – a smart money app that makes it easier to save and invest.
Launched in 2016, Plum’s revenue has almost doubled year-on-year. With a total of $75 million in funding, the app offers different savings and investment products, from Cash ISAs and easy-access savings pockets to pensions, investment opportunities, and 95-day notice savings accounts.
Plum also allows it's 2 million members to autosave, track their spending, and move to cheaper providers with a few taps.
Customers can choose from one of three subscription options, a Basic which is free, Pro ($3.78 per month), or Premium ($12.64 per month), each providing alternative benefits.
#9
Kpler: $100M in Annual Revenue
Real-time global trade intelligence
Kpler is a platform that provides information regarding global financial trades. The business was founded by François Cazor and Jean Maynier in 2014.
The aim of the service is to support the way businesses trade using data technology. To do this Kpler features a large amount of live and historical data intelligence in the commodities, energy and maritime markets to help companies plan and grow.
This information has been used by over 10,000 companies to date to support their trades, including the likes of J.P.Morgan, Goldman Sachs and Shell.
Kpler, which has grown to more than 500 employees, announced that they’d achieved $100 million in annual recurring revenue in 2023.
#10
Funding Circle: $205M in Annual Revenue
Global lending platform
The 2008 financial crisis showed a gap in financial services that would help small businesses thrive. That’s how Funding Circle came to life. It’s now one of the largest lending platforms in the world, listed on the London Stock Exchange.
Since its founding in 2010, Funding Circle has helped over 100,000 small and medium-sized businesses access the finance they needed to stay open and succeed. The platform is popular amongst different business owners and entrepreneurs, from accountants and taxi drivers to jewellers and bakers.
Funding Circle has finance products designed for every business need – business loans up to $960,000, cashback business credit cards with 2% cashback, FlexiPay, government-backed loans, and asset finance to fund equipment.
With $205 million in annual revenue, Funding Circle continues to support small and medium-sized businesses with finance, offering quick decisions, fast customer support, and reducing application pains.
#11
NerdWallet: Q3 2024 Revenue of $191.3M
Financial advice platform
Making financial decisions shouldn’t be hard, think Tim Chen and Jake Gibson, co-founders of NerdWallet – a global platform that offers tools and insights for consumers and small and mid-sized businesses looking for financial advice.
Launched in 2009, NerdWallet is thriving, with a revenue of $191.3 million in Q3 2024, a 25% year-on-year increase.
The company has a strong team of Nerds with extensive knowledge, passion, and skills to make any financial decision easier.
People can turn to the platform for guidance regarding a wide range of products, from mortgages and loans to business bank accounts and credit cards.
Small and medium-sized businesses can also use NerdWallet as an encyclopedia for all financial decisions, from doing business taxes to savings and accounting software.
#12
LendingTree: Q3 2024 Revenue of $260.8M
Loan marketplace
Frustration can be a source of great ideas. For Doug Lebda, the pains and hurdles of getting a mortgage led him to find new and better ways to secure a loan. Lebda is the CEO and founder of LendingTree, a loan marketplace built to save people time, and money especially.
With a Q3 2024 revenue of $260.8 million, LendingTree is the largest marketplace of its kind in the US and is filled with lenders for a wide range of loans – mortgage refinance, home equity loans, credit cards, personal loans, auto loans, student loan refinance, and more.
On the platform, people can fill out a secure form with their details, to be matched with the right lenders from a network of over 300. LendingTree also offers an additional service called Spring, where people can access credit score insights, personalised money tips, customised loans and credit card offers.
#13
BILL: $1.3B in Annual Revenue
Financial Operations Platform
BILL helps business owners focus more on the business and less on the bills. The company was launched by René Lacerte in 2006.
Lacerte was already well-known in the finance, software, and payments industries for founding PayCycle, which was the first and, at the time, the largest payroll solution on the market. PayCycle was later acquired by Intuit in 2009.
BILL offers a range of intelligent tools that help business owners save time and money by managing multiple financial operations from one place. The platform allows them to keep track of their cash flow, pay bills, send invoices, control budgets, access credits for growth opportunities, and more.
Businesses can choose from three monthly plans, with prices ranging from $45 to $79 per user each month. BILL also has a plan for enterprises, with custom pricing.
The brand has seen a 22% increase in total revenue year-over-year to $1.3 billion, and is already utilised by thousands of businesses, big and small, across different industries, including healthcare, construction, education, and wealth management.
#14
Wise: $1.4B in Annual Revenue
Global financial platform
Having a salary in pounds and a mortgage in euros used to imply expensive fees and bad exchange rates.
That was until Kristo Käärmann and Taavet Hinrikus founded Wise, a financial platform where people can save up to five times on international transfers and spend their money without worrying about hidden fees.
But that’s not all. Since its launch in 2011, Wise has grown bigger, in annual revenue, and features. With £1.1 billion (~$1.4B) in annual revenue, the platform offers a multi-currency account, a debit card, and a business account in several markets. Wise allows transfers to 160 countries, in over 40 currencies.
As well as saving on international transfers, business owners can also receive money with local account details, earn returns of up to 4.26% without a hard lock on their money, and enjoy 24/7 customer support.
#15
Intuit: Q1 2025 Revenue of $3.3B
Financial Technology Platform
Intuit is a global financial technology business which was founded by Scott Cook, who back in 1983 started researching easier ways for his wife to balance the chequebook.
With products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, Intuit’s main goal is to help people thrive – whether they’re small business owners, entrepreneurs, or just looking to build their financial confidence.
Each product from Intuit’s ecosystem is designed to save time and drive results for its customers. For example, TurboTax handles anything and everything tax-related. Credit Karma curates recommendations based on credit profiles, QuickBooks helps manage money, and Mailchimp increases sales through email marketing.
Intuit, who are supported by 18,000 employees, also offers solutions for accountants, educators, and enterprises.
From a small garage startup with only two computers, Intuit has now grown to reach annual revenue of $16.3 billion in 2024, up 13% year-over-year. In their latest financial results Intuit shared that Q1 2025 revenue had grown 10% to $3.3 billion.
