Parachute (Consumer Finance) Overview

  • Year Founded
  • 2022

Year Founded

  • Status
  • Private

  • Employees
  • 7

Employees

  • Latest Deal Type
  • Seed

  • Latest Deal Amount
  • $1.09M

  • Investors
  • 4

Parachute (Consumer Finance) General Information

Description

Provider of financial services intended to help customers simplify debt and achieve financial understanding. The company offers debt services to allow checking loan eligibility, plan payments with a direct debit system, borrow money through websites, and earn rewards, enabling customers to manage finances efficiently.

Contact Information

Website
www.myparachute.co
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 372 Bay Street
  • 2nd Floor
  • Toronto, Ontario M5H 2W9
  • Canada
+1 (647)
Primary Industry
Consumer Finance
Other Industries
Other Financial Services
Financial Software
Vertical(s)
SaaS, FinTech
Corporate Office
  • 372 Bay Street
  • 2nd Floor
  • Toronto, Ontario M5H 2W9
  • Canada
+1 (647)

Parachute (Consumer Finance) Timeline

202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Parachute (Consumer Finance) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Seed Round 31-Oct-2023 $1.09M Completed Generating Revenue
3. Accelerator/Incubator 01-Jan-2023 Completed Generating Revenue
2. Seed Round 01-May-2022 $522K $8.34M Completed Generating Revenue
1. Debt - General 03-Jan-2022 $7.82M $7.82M Completed Generating Revenue
To view Parachute (Consumer Finance)’s complete valuation and funding history, request access »

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Parachute (Consumer Finance) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of financial services intended to help customers simplify debt and achieve financial understanding. The company
Consumer Finance
Toronto, Canada
7 As of 2023

Toronto, Canada
 

Montreal, Canada
 
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Parachute (Consumer Finance) Competitors (4)

One of Parachute (Consumer Finance)’s 4 competitors is Momentum Financial Services Group, a Private Equity-Backed company based in Toronto, Canada.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Momentum Financial Services Group Private Equity-Backed Toronto, Canada
Fairstone Financial Private Equity-Backed Montreal, Canada
Goeasy Corporation Mississauga, Canada
The Cash Money Corporation Corporation Madison, AL
To view Parachute (Consumer Finance)’s complete competitors history, request access »

Parachute (Consumer Finance) Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Parachute (Consumer Finance) Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds
Intuit Canada Accelerator/Incubator
Archangel Network of Funds Venture Capital Minority
Aurum Holdings Venture Capital Minority
Highline Beta Venture Capital Minority
To view Parachute (Consumer Finance)’s complete investors history, request access »

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Parachute (Consumer Finance) FAQs

  • When was Parachute (Consumer Finance) founded?

    Parachute (Consumer Finance) was founded in 2022.

  • Where is Parachute (Consumer Finance) headquartered?

    Parachute (Consumer Finance) is headquartered in Toronto, Canada.

  • What is the size of Parachute (Consumer Finance)?

    Parachute (Consumer Finance) has 7 total employees.

  • What industry is Parachute (Consumer Finance) in?

    Parachute (Consumer Finance)’s primary industry is Consumer Finance.

  • Is Parachute (Consumer Finance) a private or public company?

    Parachute (Consumer Finance) is a Private company.

  • What is the current valuation of Parachute (Consumer Finance)?

    The current valuation of Parachute (Consumer Finance) is .

  • What is Parachute (Consumer Finance)’s current revenue?

    The current revenue for Parachute (Consumer Finance) is .

  • How much funding has Parachute (Consumer Finance) raised over time?

    Parachute (Consumer Finance) has raised $9.4M.

  • Who are Parachute (Consumer Finance)’s investors?

    Intuit Canada, Archangel Network of Funds, Aurum Holdings, and Highline Beta have invested in Parachute (Consumer Finance).

  • Who are Parachute (Consumer Finance)’s competitors?

    Momentum Financial Services Group, Fairstone Financial, Goeasy, and The Cash Money Corporation are competitors of Parachute (Consumer Finance).

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