Company profile: SPENN
1.1 - Company Overview
Company description
- Provider of mobile banking services via the SPENN App for personal and business needsβmoney transfers, savings, bill payments and airtime top-ups; SPENN Business to manage payroll, accept payments and access financial insights; SPENN Agent enabling cash-in/out and airtime sales commissions; and SPENN USSD for feature phone access.
Products and services
- SPENN Agent: A commission-based agent service enabling individuals to earn by facilitating cash in/out transactions and airtime sales for customers
- SPENN App: An app-based mobile banking product that delivers personal and business services, including money transfers, savings, bill payments, and airtime top-ups
- SPENN Business: A business-focused banking component that offers payroll management, payment acceptance, and access to financial insights for company operations
Key contacts
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Financial details
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1.2 - Competitors and similar companies to SPENN
Payfare
HQ: Canada
Website
- Description: Provider of instant payout, digital banking and loyalty-reward solutions for the gig workforce, offering a full-service digital bank account with instant access to earnings, optional debit payment cards with cash back on fuel and everyday purchases, and a mobile banking app for instant deposits, bill payments, syncing with other bank accounts, and everyday transactions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Nets
HQ: Denmark
Website
- Description: Provider of payments, card, and information services, helping financial institutions, businesses, and merchants simplify customer experiences with security and stability by turning complex realities into easy, intuitive, customer-oriented solutions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full Nets company profile β
Brightwell
HQ: United States
Website
- Description: Provider of cross-border payment and financial services, delivering end-to-end solutions for corporations and consumers through cutting-edge technology and support. Offers a comprehensive suite of payment distribution products to reduce costs, enhance security, streamline cash management, and boost employee retention for businesses with globally dispersed employees.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Mobeewave
HQ: Canada
Website
- Description: Provider of secure, contactless payment-acceptance technology that enables mobile phones and apps to accept in-person payments without extra hardware. Its patented solution powers a True Wallet Experience, letting consumers load cash into mobile wallets and make payments.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full Mobeewave company profile β
Litreca
HQ: Germany
Website
- Description: Provider of ERP and SAP software systems for managing financial solutions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full Litreca company profile β
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for SPENN
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Buyer group 1: ββββββββ ββββββββ
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Buyer group 2: ββββββββ ββββββββ
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Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 3: ββββββββ ββββββββ
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to SPENN
2.2 - Growth funds investing in similar companies to SPENN
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4 - Top valuation comps for SPENN
4.2 - Public trading comparable groups for SPENN
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