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.

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 $***** Conventional Debt 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 3rd amongst 17 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Wayflyer, which secured $250M in Feb, 2026.

Who are the top competitors of TP24?

TP24's top competitors include Wayflyer, Greensill and ScotPac. Among them, Wayflyer secured the most recent funding round in February, 2026.

TP24 - 2026 Company Profile, Funding & Competitors

TP24 is a series A company based in Melbourne (Australia), founded in 2016. It operates as a Provider of credit line for businesses. TP24 has raised $120M in funding from SIX. The company has 17 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like Wayflyer, Greensill and ScotPac.

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

3^rd among 17 active competitors

Investment & Acquisitions

Everything Genetic

Similar Companies

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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	1902668	Conventional Debt	8762999	2458021	4180421	6442247
Feb 08, 2019	1228150	Series A	8059605	1739018	7634824	Berliner Volksbank Ventures & 2 more
Feb 08, 2019	7351554	Conventional Debt	4547444	6828242	4385054	Ruvercap & 1 more

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Top competitors of TP24 include Wayflyer, Greensill and ScotPac. 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	Wayflyer 2019, Dublin (Ireland), Series C	Revenue-based financing platform that provides fast, flexible growth capital to e-commerce and consumer businesses	$1.24B	QED Investors, Neuberger Berman & 30 others	76/100
2nd	Greensill 2011, London (United Kingdom), Series E	Provider of working capital loans	$1.7B	SoftBank Vision Fund, General Atlantic & 5 others	61/100
3rd	TP24 2016, Melbourne (Australia), Series A	Provider of credit line for businesses	$120M	M&G, UBS & 7 others	43/100
4th	ScotPac 1988, Sydney (Australia), Funding Raised	Corporate fund focused on SMEs	-	Affinity Equity Partners	36/100
5th	FC Capital 2012, Sydney (Australia), Unfunded	Provider of working capital loans	-	-	29/100
6th	Australian Invoice Finance 2017, Sydney (Australia), Acquired	Provider of working capital loans	-	-	26/100
7th	Funda 2013, Newcastle (Australia), Funding Raised	Provider of working capital loans	-	Won & Partners, Old Hill Partners	26/100
8th	Kikka 2014, Perth (Australia), Deadpooled	Working capital loans to SMEs	$1.5M	FlexiGroup, Altor Capital	24/100
9th	Plexe Sydney (Australia), Unfunded	Online lending platform for business loan	-	-	24/100
10th	Trucap Sydney (Australia), Unfunded	Provider of working capital loans	-	-	20/100