Total amount raised
$50.9 Million
Latest funding date
12/01/2019
Location
Moula has successfully raised funds over three rounds, with the latest being a Series D round. The company is backed by six investors, including Acorn Capital and Liberty Financial.
Keep reading to explore the intricacies of Moula's fundraising journey and the investors backing this innovative platform.
What Is Moula?
Moula is a financial services company based in Melbourne, Victoria, Australia. Specializing in providing business loans to small and medium-sized enterprises (SMEs), Moula operates within the finance, financial services, fintech, and small and medium businesses sectors.
Founded to help SMEs grow their businesses, Moula offers unsecured loans ranging from $10,000 to $250,000 with terms between 12 to 36 months. The company employs between 101-250 people and emphasizes a quick and transparent loan application process.
How Much Funding Has Moula Raised?
- Seed Round
- Amount Raised: USD 1,000,000
- Date: November 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and provide initial funding for business growth.
- Series A
- Amount Raised: USD 30,000,000
- Date: June 2015
- Lead Investors: Liberty Financial Companies, Inc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business lending operations and enhance technological capabilities.
- Series D
- Amount Raised: USD 20,000,000
- Date: December 2019
- Lead Investors: Escala Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up business lending, invest in machine learning technology, and develop new products like Moula Pay.
Total Amount Raised: USD 51,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Escala Partners
- Details: Escala Partners is a leading wealth management firm that led Moula's Series D funding round. They are known for providing tailored financial advice and investment solutions.
- Investment Focus Areas: Wealth management, financial services, fintech.
- Notable Investments: Moula.
- Liberty Financial Companies, Inc
- Details: Liberty Financial is a diversified financial services company that supported Moula's Series A and Series D funding rounds. They offer a range of financial products including home loans, car loans, and business loans.
- Investment Focus Areas: Financial services, lending, fintech.
- Notable Investments: Moula.
- Acorn Capital
- Details: Acorn Capital is an investment firm that focuses on small and emerging companies. They supported Moula's Series D funding round and are known for their data-driven investment strategies.
- Investment Focus Areas: Small and emerging companies, data-driven technology, financing platforms.
- Notable Investments: Moula.
What's Next for Moula?
With the recent $20 million Series D funding, Moula is poised to scale its business lending operations and invest in advanced machine learning technologies. The company plans to expand its product offerings, including Moula Pay, a buy-now-pay-later option for businesses, which could significantly increase its market reach.
Future fundraising opportunities seem promising, given Moula's break-even status and the successful Series D round. However, the company may face challenges such as competition from other non-bank lenders and traditional banks, as well as the need to maintain sustainable growth while scaling operations.
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