Groov

Groov

Develops ticketing and reservation softwares for transportation operators.

HQ location
Edinburgh, United Kingdom
Launch date
Employees
Enterprise value
$8—12m
Company register number
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DateInvestorsAmountRound
N/A

€0.0

round
*

£1.5m

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

More about Groov
Made with AI
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Groov, accessible at wearegroov.io, is a dynamic startup focused on empowering FinTech companies to develop next-generation financial products tailored for Small and Medium-sized Businesses (SMBs). Groov operates in the FinTech sector, providing a comprehensive suite of financial tools and insights through a single integration via their Application Programming Interface (API). This integration allows clients to access a wide array of financial data and analytics, including sales, refunds, chargebacks, purchases, customer data, profit and loss statements, balance sheets, cash flow, and inventory management.

Groov's primary clients are FinTech companies and financial institutions that serve SMBs. These clients leverage Groov's platform to gain actionable insights and streamline their financial operations. By offering ready-to-use insights and performing analytics on diverse datasets, Groov helps these businesses make informed decisions quickly and efficiently.

The company's business model revolves around a Software as a Service (SaaS) approach. Clients subscribe to Groov's services, paying for access to their powerful API and the insights it provides. This subscription model ensures a steady revenue stream for Groov while offering clients continuous updates and support.

Groov makes money by charging subscription fees for access to their API and analytics services. Additionally, they may offer premium features or additional data services at an extra cost, providing further revenue opportunities.

Groov's platform is designed with developers in mind, making integration straightforward with minimal coding required. Their comprehensive documentation supports various programming languages such as cURL, Python, and Java, ensuring that developers can easily embed Groov's financial insights and services into their own applications and platforms.

In summary, Groov is a FinTech enabler that simplifies the development of financial products for SMBs through a robust API, offering valuable insights and seamless integration for its clients.

Keywords: FinTech, SMBs, API, SaaS, financial insights, analytics, integration, developers, subscription, data services.

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