Trim - About the company
Trim is an acquired company based in San Francisco (United States), founded in 2015 by Thomas Smyth and Daniel Petkevich. It operates as a Savings and expense management platform. Trim has raised $2.2M in funding from Eniac Ventures. The company has 20 active competitors, including 6 funded and 4 that have exited. Its top competitors include companies like Truebill, Ternary and Hiatus.
Company Details
Trim provides automated savings and expense management platform. It offers tools for bill management and subscription management. It provides transaction analysis for recurring subscriptions.
- Website
- www.asktrim.com/index.html
- Email ID
- *****@asktrim.com
- Registered Address
- Ādažu nov., Carnikavas pag., Kalngale, Cīruļu iela 27
Key Metrics
Founded Year
2015
Location
San Francisco, United States
Stage
Acquired
Total Funding
$2.2M in 1 round
Latest Funding Round
Investors
Ranked
2nd among 20 active competitors
Employee Count
8 as on Dec 31, 2017
Investment & Acquisitions
Exit Details
Acquired by OneMain Financial (Apr 26, 2021)
Legal entities associated with Trim
Trim is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ASK BENJAMIN INC CIN: 0001679956 , United States, Active | - | 8 (As on Dec 31, 2017) | - | |
TRIM CIN: 40103492115 , Latvia, Active | Dec 15, 2011 | $9.76K (As on Dec 31, 2021) | 1 (As on Dec 31, 2023) | - |
ONEMAIN FINANCIAL GROUP, LLC CIN: 4748444 , United States, Active | Apr 27, 2015 | - | - | - |
Trim's acquisition details
Trim got acquired by OneMain Financial on Apr 26, 2021.
Click here to take a look at Trim's acquisition in detail
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Trim's funding and investors
Trim has raised a total funding of $2.2M over 1 round. Its latest funding round was a Seed round on Jul 20, 2016 for $*****. 4 investors participated in its latest round. Trim has 14 institutional investors.
Here is the list of recent funding rounds of Trim:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 20, 2016 | 2165233 | Seed | 7851571 | 5815973 | 8829515 | 5851081 |
View details of Trim's funding rounds and investors
Trim's founders and board of directors
Founder? Claim ProfileThe founders of Trim are Thomas Smyth and Daniel Petkevich.
Here are the details of Trim's key team members:
- Thomas Smyth: Founder of Trim and founder of 1 other company.
- Daniel Petkevich: Founder of Trim.
View details of Trim's Founder profiles and Board Members
Trim's employee count trend
Trim has 8 employees as of Dec 17. The total employee count is 100.0% more than what it was in Dec 16. Here is Trim's employee count trend over the years:
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Trim's Competitors and alternates
Top competitors of Trim include Truebill, Ternary and Hiatus. Here is the list of Top 10 competitors of Trim, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Truebill 2015, San Francisco (United States), Acquired | App-based platform for users to find, track and manage subscription services | $85M | 53/100 | |
2nd | Trim 2015, San Francisco (United States), Acquired | Savings and expense management platform | $2.2M | 49/100 | |
3rd | Ternary 2020, Claymont (United States), Series A | Provider of cost management services | $20.3M | 48/100 | |
4th | Hiatus 2015, New York City (United States), Seed | Financial tool to manage bills, track spending, and save money | $1.2M | - | 47/100 |
5th | Finovera 2011, Milpitas (United States), Acquired | Provider of electronic billing and payment solutions | $6.11M | - | 46/100 |
6th | Grid 2019, San Francisco (United States), Funding Raised | Bills savings and tax refunds management platform | - | 44/100 | |
7th | WalletFi 2016, Chapel Hill (United States), Acquired | Online platform to manage recurring billing | $340K | 39/100 | |
8th | BillTrim 2016, Houston (United States), Seed | Bill negotiation service that lowers, monitors, and autopays your bills | $150K | 37/100 | |
9th | Blip Labs 2015, New York City (United States), Seed | API-enabled bill payment solution for consumers | $2.1M | 37/100 | |
10th | CoPatient 2012, Boston (United States), Series A | Provides health care expense management including medical bill review and negotiation services | $5M | 33/100 |
Looking for more details on Trim's competitors? Click here to see the top ones
Trim's Investments and acquisitions
Trim has acquired Debitize. Trim has not made any investments as of now.Reports related to Trim
Here is the latest report on Trim's sector:
News related to Trim
•
Personal Loan Provider OneMain Acquires Financial Wellness FinTech TrimPYMNTS.com•Apr 27, 2021•OneMain Financial, Trim
•
How the Digit bot helped people save $230 millionVentureBeat•Sep 15, 2016•Digit, Leaders, Trim, Native Cats
•
These 5 chatbots have saved people more than $10 millionVentureBeat•Aug 03, 2016•Chatbots, Facebook, Slack, Native Cats and 1 other
•
Personal finance bot Trim says it’s saved users $6 million — and countingVentureBeat•Aug 01, 2016•Trim, Core Innovation Capital, Sound Ventures
•
Announcing our newest investment, Trim: A money-saving robot for the 99%Version One Ventures•Jul 20, 2016•Version One Ventures, Trim, Uber, Facebook and 3 others
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