Banking: Consumers Advocate, Simple Dollar, MoneyUnder30
Full details for Consumers Advocate, The Simple Dollar and MoneyUnder30 have been provided in rows 9-11 on the BANKING tab of the attached spreadsheet. All these companies offer some of their banking services and products for free.
- Apart from the fact that The Simple Dollar (TSD) is hiring, there seems to be no other information publicly available online that could suggest any expansion planned by the brand.
- The Simple Dollar provides resources such as articles, reviews, and rankings to financial products for free. However, the brand receives referral and endorsement fees from some financial products they write about.
- Both Simple Dollar and ConsumersAdvocate.org have not announced any plans to expand into new categories and products or disclosed any specific strategic initiatives.
- None of the companies disclosed they have received funding. MoneyUnder30 and The Simple Dollar were acquired by XL Media and Red Ventures, respectively.
- The companies engage clients through their official website by providing them the ability to compare banks and banking products using their website. They do not offer any mobile app or API options to engage with customers.
Consumers Advocate, The Simple Dollar and MoneyUnder30 have not publicly disclosed any funding history, strategic initiatives, and upcoming plans to expand into new categories or products. We were unable to find relevant information after exhaustive screening through annual reports, press releases, acquisition histories, and interviews of management for both companies. However, we found that Consumers Advocate in 2020 successfully launched in 18 new categories, including auto insurance and home security, increasing their reach by over 40%. We also referred to funding and acquisition databases such as Crunchbase, craft, and Dealroom to confirm funding information for the organizations. We found through this search that MoneyUnder30 and The Simple Dollar have been acquired by XLMedia and Red Ventures respectively. Considering these companies do not generate revenue from lending operations but through advertising and referral fees, it is possible that they do not require venture capital funding. We've also verified that all companies do not publish any APIs to engage with their customers by conducting a thorough search on their websites.