Nearside Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 57

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $130M

Nearside General Information

Description

Provider of credit financing intended to offer a line of credit to small businesses. The company offers business loans to owners who may not be able to get credit from more traditional sources and empowers business owners with the tools and support they need to achieve success, enabling clients to access credit.

Contact Information

Website
www.nearside.com
Formerly Known As
Sakura Credit, Sakura Research Corporation, Hatch
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • Post Office Box 7775
  • Postal Mail Box 68032
  • San Francisco, CA 94120-7775
  • United States
+1 (888)
Primary Industry
Specialized Finance
Other Industries
Other Financial Services
Parent Company
Plastiq
Vertical(s)
FinTech
Corporate Office
  • Post Office Box 7775
  • Postal Mail Box 68032
  • San Francisco, CA 94120-7775
  • United States
+1 (888)

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Nearside Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 01-Nov-2022 $130M Completed Generating Revenue
4. Early Stage VC (Series B) 06-Dec-2021 Completed Generating Revenue
3. Early Stage VC (Series 3) 31-Mar-2020 Completed Generating Revenue
2. Early Stage VC (Series A) 12-Mar-2020 $15.1M $20.1M Completed Generating Revenue
1. Seed Round 01-Jan-2019 $5M $5M Completed Startup
To view Nearside’s complete valuation and funding history, request access »

Nearside Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B
Series A-5
Series A-4
Series A-3
Series A-2 36,451 $0.000010 $2.74 $2.74 1x $2.74 0.22%
Series A-1 3,328,184 $0.000010 $3.05 $3.05 1x $3.05 20.44%
To view Nearside’s complete cap table history, request access »

Nearside Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of credit financing intended to offer a line of credit to small businesses. The company offers business loans t
Specialized Finance
San Francisco, CA
57 As of 2022

San Francisco, CA
 

London, United Kingdom
 
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Nearside Competitors (2)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Chime Venture Capital-Backed San Francisco, CA
Monzo Venture Capital-Backed London, United Kingdom
You’re viewing 2 of 2 competitors. Get the full list »

Nearside Executive Team (3)

Name Title Board Seat
James Lee General Counsel
You’re viewing 1 of 3 executive team members. Get the full list »

Nearside Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Nearside Former Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds
500 Global Venture Capital Minority
Abstract Ventures Venture Capital Minority
Breyer Capital Venture Capital Minority
Fathom Capital Venture Capital Minority
Firebolt Ventures Venture Capital Minority
You’re viewing 5 of 18 investors. Get the full list »

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Nearside FAQs

  • When was Nearside founded?

    Nearside was founded in 2018.

  • Who is the founder of Nearside?

    Thomson Nguyen is the founder of Nearside.

  • Where is Nearside headquartered?

    Nearside is headquartered in San Francisco, CA.

  • What is the size of Nearside?

    Nearside has 57 total employees.

  • What industry is Nearside in?

    Nearside’s primary industry is Specialized Finance.

  • Is Nearside a private or public company?

    Nearside is a Private company.

  • What is the current valuation of Nearside?

    The current valuation of Nearside is .

  • What is Nearside’s current revenue?

    The current revenue for Nearside is .

  • How much funding has Nearside raised over time?

    Nearside has raised $77.6M.

  • Who are Nearside’s investors?

    500 Global, Abstract Ventures, Breyer Capital, Fathom Capital, and Firebolt Ventures are 5 of 18 investors who have invested in Nearside.

  • Who are Nearside’s competitors?

    Chime and Monzo are competitors of Nearside.

  • When was Nearside acquired?

    Nearside was acquired on 01-Nov-2022.

  • Who acquired Nearside?

    Nearside was acquired by Plastiq.

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