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Rise - About the company
Rise is a seed company based in Dubai (United Arab Emirates), founded in 2016 by Milind Singh, Mandeep Singh and Padmini Gupta. It operates as a Neo bank for low-income migrants. Rise has raised an undisclosed amount in funding from Middle East Venture Partners and DIFC. The company has 32 active competitors, including 5 funded and 1 that has exited. Its top competitors include companies like Revolut, NOW Money and YAP.
Company Details
Rise is a neo bank for low-income migrants. Offers a salary account for domestic helpers. It has partnered with United Arab Bank to offer bank accounts and debit cards. Offers learning certification & career management tools including courses that cover learning and development, health & safety and nutrition. The app is available for iOS and Android platforms.
- Website
- www.gorise.co/
- Email ID
- *****@gorise.co
- Registered Address
- 4 MARKET STREET LANE,BLACKBURN,UNITED KINGDOM,BB2 2DE
Key Metrics
Founded Year
2016
Location
Dubai, United Arab Emirates
Stage
Seed
Latest Funding Round
Investors
Ranked
10th among 32 active competitors
Legal entities associated with Rise
Rise is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
GO-RISE LTD CIN: 9396604 , United Kingdom, Active | Jan 19, 2015 | - | - |
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Rise's funding and investors
Rise has raised funding over 3 rounds. Its first funding round was on Sep 10, 2017. Its latest funding round was a Seed round on Jun 08, 2020 for $*****. 1 investor participated in its latest round. Rise has 8 institutional investors.
Here is the list of recent funding rounds of Rise:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 08, 2020 | 6782659 | Seed | 9720476 | 1104129 | 5017988 | 8297513 |
Mar 24, 2020 | 5757545 | Seed | 8099280 | 3881202 | 2119548 | |
Sep 10, 2017 | 6309435 | Grant (prize money) | 1132380 | 6746817 | 4999039 |
Access funding benchmarks and valuations. Sign up today!View details of Rise's funding rounds and investors
Rise's founders and board of directors
Founder? Claim ProfileHere are the details of Rise's key team members:
- Milind Singh: Co-Founder of Rise and founder of 1 other company.
- Mandeep Singh: Co-Founder of Rise and founder of 1 other company. Contact Info: 1 email address
- Padmini Gupta: Former Founder & CEO of Rise and founder of 1 other company. Contact Info: 1 email address
View details of Rise's Founder profiles and Board Members
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Rise's Competitors and alternates
Top competitors of Rise include Revolut, NOW Money and YAP. Here is the list of Top 10 competitors of Rise, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 83/100 | |
2nd | NOW Money 2015, Dubai (United Arab Emirates), Series A | Provider of an employer enabled mobile wallet to provide financial solutions | $13.2M | 59/100 | |
3rd |  YAP 2020, Dubai (United Arab Emirates), Seed | Digital bank for individuals | $61M | 58/100 | |
4th | Liv 2008, Dubai (United Arab Emirates), Funding Raised | Provider of the digital bank for individuals | - | - | 58/100 |
5th | Al Hilal Bank 2008, Abu Dhabi (United Arab Emirates), Acquired | Commercial bank | - | - | 53/100 |
6th |  AL HILAL 2008, Abu Dhabi (United Arab Emirates), Unfunded | Digital bank for individuals | - | - | 49/100 |
7th |  Wio 2018, Abu Dhabi (United Arab Emirates), Funding Raised | Commercial bank | - | 48/100 | |
8th | _1547789254832.png?devicePixelRatio=2&height=30&width=30){kind=logo} Mashreq Neo 2017, Dubai (United Arab Emirates), Unfunded | Digital bank of Mashreq bank | - | - | 43/100 |
9th | _1580272381975.png?devicePixelRatio=2&height=30&width=30){kind=logo} Bankiom 2018, Dubai (United Arab Emirates), Seed | Internet first bank | $50K | 41/100 | |
10th | _1557299516393.png?devicePixelRatio=2&height=30&width=30){kind=logo} Rise 2016, Dubai (United Arab Emirates), Seed | Neo bank for low-income migrants | - | 39/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Rise's competitors? Click here to see the top ones
Rise's Investments and acquisitions
Rise has made no investments or acquisitions yet.
News related to Rise
•
Dubai-based FinTech platform eliminates remittance fees for expatriatesThe National•Oct 05, 2020•Rise
•
Dubai International Financial Center’s Fintech Fund invests in four startups: FlexxPay, Rise, Now Money & SarwaMENAbytes•Jun 08, 2020•DIFC, FlexxPay, Rise, NOW Money and 1 other
•
•
Padmini Gupta’s Dubai-based Fintech Firm Rise, which Helps Low Income Migrant Workers, Secures New InvestmentsCrowdfund Insider•Mar 24, 2020•Rise, Middle East Venture Partners, DIFC, Khwarizmi Ventures and 2 others
•
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