When was Bags founded?

Bags was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Bags located?

Bags is headquartered in New York City, United States.

How many employees does Bags have?

As of Sep 30, 2026, the latest employee count at Bags is 247.

Is Bags a funded company?

Bags is a funded company, having raised a total of $7M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 20, 2022.

When was the latest funding round of Bags?

Bags' latest funding was a $***** Seed round on Dec 08, 2025, with participation from 6 investors.

Where does Bags rank among its competitors?

Bags ranks 6th amongst 3016 active competitors, of which 18 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Bags, which secured $2.75M in Dec, 2025.

Who are the top competitors of Bags?

Bags' top competitors include Lower, RoundPoint Mortgage and Meridian Capital. Among them, Bags secured the most recent funding round in December, 2025.

Bags - 2026 Company Profile, Funding & Competitors

Bags is a seed company based in New York City (United States), founded in 2021. It operates as a Provider of business loans services. Bags has raised $7M in funding from Ford Foundation and Slauson. The company has 3016 active competitors, including 18 funded and 78 that have exited. Its top competitors include companies like Lower, RoundPoint Mortgage and Meridian Capital.

Company Details

Website: securebags.com
Social
Email ID: *****@securebags.com

Key Metrics

Founded Year

2021

Location

New York City, United States

Stage

Seed

Total Funding

$7M in 2 rounds

Latest Funding Round

Seed, Dec 08, 2025, $*****

Investors

Ford Foundation & 12 more

Ranked

6^th among 3016 active competitors

Employee Count

247 as on Sep 30, 2026

Similar Companies

Lower & 3082 more

View Bags' full profile

Bags has raised a total funding of $7M over 2 rounds. Its first funding round was on Oct 20, 2022. Its latest funding round was a Seed round on Dec 08, 2025 for $*****. 6 investors participated in its latest round. Bags has 9 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Bags:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 08, 2025	2971442	Seed	3857416	3690989	2615431	9379876
Oct 20, 2022	2029532	Seed	8853737	9368289	Dan Slauson & 1 more	Schultz Family Foundation & 5 more

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View details of Bags's funding rounds and investors

Bags' employee count trend

Bags has 247 employees as of Sep 26. Here is Bags's employee count trend over the years:

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Top competitors of Bags include Lower, RoundPoint Mortgage and Meridian Capital. Here is the list of Top 10 competitors of Bags, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lower 1996, New Albany (United States), Series A	Direct-to-consumer mortgage lender offering home purchase, refinance, and home equity loans	$100M	Accel	59/100
2nd	RoundPoint Mortgage 2007, Charlotte (United States), Acquired	Credit broker	$98.3M	Tavistock Group, Bank of America	58/100
3rd	Meridian Capital 1991, New York City (United States), Funding Raised	Credit broker	-	JPMorgan Chase	50/100
4th	Andromeda 1991, Mumbai (India), Acquired	Chains providing loan distribution services	$6.62M	-	49/100
5th	Eastern Union 2001, New York City (United States), Funding Raised	Mortgage broker	-	-	49/100
6th	Bags 2021, New York City (United States), Seed	Provider of business loans services	$7M	Partnership for New York City, Ford Foundation ... & 11 others	48/100
7th	CMLS Financial 1974, Vancouver (Canada), Acquired	Provider of commercial, residential, and institutional mortgage services	-	-	46/100
8th	Cortland 2008, Chicago (United States), Acquired	Credit broker	$7.59M	-	43/100
9th	SEPIDES 1920, Madrid (Spain), Unfunded	Real estate loan brokerage firm	-	-	42/100
10th	Mag Mile Capital Unfunded	Provider of commercial real estate debt and equity placement services	-	-	41/100