When was TP24 founded?

TP24 was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Where is TP24 located?

TP24 is headquartered in Melbourne, Australia.

How many employees does TP24 have?

As of Mar 31, 2026, the latest employee count at TP24 is 36.

Is TP24 a funded company?

TP24 is a funded company, having raised a total of $120M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 08, 2019.

When was the latest funding round of TP24?

TP24's latest funding was a $***** Conventional Debt round on Jul 19, 2023, with participation from 2 investors.

Where does TP24 rank among its competitors?

TP24 ranks 2nd amongst 16 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was TP24, which secured $451M in Jul, 2023.

Who are the top competitors of TP24?

TP24's top competitors include Greensill, ScotPac and FC Capital. Among them, TP24 secured the most recent funding round in July, 2023.

TP24 - 2026 Company Profile, Funding & Competitors

Company Details

Website: tp24group.com
Social
Email ID: *****@tp24.com.au
Phone Number: +61 **********

Key Metrics

Founded Year

2016

Location

Melbourne, Australia

Stage

Series A

Total Funding

$120M in 3 rounds

Latest Funding Round

Conventional Debt, Jul 19, 2023, $*****

Investors

SIX & 8 more

Ranked

2^nd among 16 active competitors

Employee Count

36 as on Mar 31, 2026

Investment & Acquisitions

Everything Genetic

Similar Companies

Ampla & 53 more

View TP24's full profile

TP24 has raised a total funding of $120M over 3 rounds. Its first funding round was on Feb 08, 2019. Its latest funding round was a Conventional Debt round on Jul 19, 2023 for $*****. 2 investors participated in its latest round. TP24 has 9 institutional investors.

Here is the list of recent funding rounds of TP24:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 19, 2023	4495756	Conventional Debt	8887274	7492012	7662035	5900577
Feb 08, 2019	7935326	Conventional Debt	9080025	3761923	2514983	Ruvercap & 1 more
Feb 08, 2019	3403222	Series A	4477502	8955589	SIX	Berliner Volksbank Ventures & 2 more

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View details of TP24's funding rounds and investors

TP24's employee count trend

TP24 has 36 employees as of Mar 26. Here is TP24's employee count trend over the years:

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Top competitors of TP24 include Greensill, ScotPac and FC Capital. Here is the list of Top 10 competitors of TP24, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Greensill 2011, London (United Kingdom), Series E	Provider of working capital loans	$1.7B	SoftBank Vision Fund, General Atlantic & 5 others	60/100
2nd	TP24 2016, Melbourne (Australia), Series A	Provider of credit line for businesses	$120M	Credit Suisse, M&G & 7 others	46/100
3rd	ScotPac 1988, Sydney (Australia), Funding Raised	Corporate fund focused on SMEs	-	Affinity Equity Partners	36/100
4th	FC Capital 2012, Sydney (Australia), Unfunded	Provider of working capital loans	-	-	29/100
5th	Funda 2013, Newcastle (Australia), Funding Raised	Provider of working capital loans	-	Won & Partners, Old Hill Partners	26/100
6th	Kikka 2014, Perth (Australia), Deadpooled	Working capital loans to SMEs	$1.5M	FlexiGroup, Altor Capital	24/100
7th	Plexe Sydney (Australia), Unfunded	Online lending platform for business loan	-	-	24/100
8th	Trucap Sydney (Australia), Unfunded	Provider of working capital loans	-	-	20/100
9th	Australian Invoice Finance 2017, Sydney (Australia), Acquired	Provider of working capital loans	-	-	20/100
10th	Invoice Finance 2011, Brisbane (Australia), Seed	Provider of working capital loans	-	WeDo	18/100