Envel Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Out of Business

  • Employees
  • 35

Employees

  • Latest Deal Type
  • Out of Business

  • Investors
  • 1

Envel General Information

Description

Developer of a retail banking platform designed to guide finances in real time. The company's platform is an AI-powered banking framework that uses machine learning to manage money and formulate a financial model that autonomously organizes income into main divisions, enabling users to build wealth, save for emergencies, prevent impulsive spending, and get financial stability.

Contact Information

Website
www.envel.ai
Ownership Status
Out of Business
Financing Status
Formerly VC-backed
Corporate Office
  • 695 Atlantic Avenue
  • 9th Floor
  • Boston, MA 02111
  • United States
+1 (202)
Primary Industry
Financial Software
Other Industries
Other Financial Services
Other Commercial Banks
Vertical(s)
Artificial Intelligence & Machine Learning, FinTech, Mobile
Corporate Office
  • 695 Atlantic Avenue
  • 9th Floor
  • Boston, MA 02111
  • United States
+1 (202)

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Envel Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Out of Business 01-Jul-2023 Completed Out of Business
7. Equity Crowdfunding 01-Jul-2022 Completed Generating Revenue
6. Equity Crowdfunding 18-Dec-2021 Completed Generating Revenue
5. Seed Round 16-Jul-2021 Completed Generating Revenue
4. Equity Crowdfunding 18-Mar-2021 Completed Generating Revenue
3. Early Stage VC 01-Jul-2020 Completed Startup
2. Seed Round 15-May-2019 $100K $100K Completed Startup
1. Accelerator/Incubator 25-Jun-2018 Completed Startup
To view Envel’s complete valuation and funding history, request access »

Envel Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a retail banking platform designed to guide finances in real time. The company's platform is an AI-powered
Financial Software
Boston, MA
35 As of 2023

Berlin, Germany
 

London, United Kingdom
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Envel Competitors (5)

One of Envel’s 5 competitors is N26 Bank, a Venture Capital-Backed company based in Berlin, Germany.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
N26 Bank Venture Capital-Backed Berlin, Germany
Monzo Venture Capital-Backed London, United Kingdom
Chime Financial Formerly VC-backed San Francisco, CA
Revolut Venture Capital-Backed London, United Kingdom
Wells Fargo Private Debt Financed San Francisco, CA
You’re viewing 5 of 5 competitors. Get the full list »

Envel Patents

  • 4

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Envel Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3150696-A1 System and method for autonomous, intelligent, and tunable compartmentalization of monetary transactions Inactive 09-Sep-2019
EP-4026080-A1 System and method for autonomous, intelligent, and tunable compartmentalization of monetary transactions Inactive 09-Sep-2019
US-20210073909-A1 System and method for autonomous, intelligent, and tunable compartmentalization of monetary transactions Inactive 09-Sep-2019
WO-2021050610-A1 System and method for autonomous, intelligent, and tunable compartmentalization of monetary transactions Inactive 09-Sep-2019 G06Q20/401

Envel Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Envel Investors (1)

Investor Name Investor Type Holding Investor Since Participating Rounds
FinTech Sandbox Accelerator/Incubator
To view Envel’s complete investors history, request access »

Ready to get started?

Request a free trial

Envel FAQs

  • When was Envel founded?

    Envel was founded in 2018.

  • Where is Envel headquartered?

    Envel is headquartered in Boston, MA.

  • What is the size of Envel?

    Envel has 35 total employees.

  • What industry is Envel in?

    Envel’s primary industry is Financial Software.

  • Is Envel a private or public company?

    Envel is a Private company.

  • What is Envel’s current revenue?

    The current revenue for Envel is .

  • How much funding has Envel raised over time?

    Envel has raised $12.9M.

  • Who are Envel’s investors?

    FinTech Sandbox has invested in Envel.

  • Who are Envel’s competitors?

    N26 Bank, Monzo, Chime Financial, Revolut, and Wells Fargo are competitors of Envel.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process