Ingo Money

  • FOUNDING YEAR:
    LOCATION:
    United States
    REGION:
    Last Update:
    23 Jul, 2018
    Phone:
    +1 678-736-7036
  • The Ingo Money Network provides all check clearing and card funding services for its users.
  • 86 VISITORS
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    FOCUS

    PRODUCTS & SERVICES:
    Ingo™ Network Solutions - operated in conjunction with First Century Bank, N.A., is a consumer-direct network accessible via mobile and retail channels. Ingo™ Enterprise Solutions - is an omni-channel commercial platform that enables independently licensed financial services firms to deliver immediate, non-provisional funding and payment services to their customers. Ingo Money’s aim is to empower people with real-time funds access and money movement capabilities on digital payment platforms to improve their financial health and lift them out of the cash economy.
    REVENUE MODEL:
    Transaction based revenue model
    MAIN CLIENTS:
    Retail Consumers and Businesses
    EXISTING PARTNERSHIPS:
    Paypal - to instantly send the funds to multiple accounts via a smartphone, including PayPal accounts.
    COMMENT
    It has introduced a new check splitting feature that enables users to cash a check via a smartphone app and send the funds instantly to multiple accounts.

    PEOPLE

    FOUNDERS:
    Drew Edwards
    NUMBER OF EMPLOYEES:
    51-200
    INVESTORS:
    Camden Partners, CNF Investments, MissionOG

    TRACTION

    Insufficient information for accurate analysis

    MOMENTUM

    FUNDED:
    YES
    TOTAL FUNDING:
    $31.09 Millions
    DATE OF LAST FUNDING:
    Jun 2017
    TOTAL FUNDING COMMENT:
    Venture: $12 M (June 2017), Venture: $10.69 M(July 2016), Private Equity: $ 8.4 M(October 2013)

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