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Snap Finance
Financial services firm operating out of Utah
About Snap Finance
Snap Finance, founded in 2012, is a fintech company that provides flexible financing solutions to consumers with varying credit scores. The company operates in the financial services market, focusing on empowering individuals who may not have access to traditional credit options. Snap Finance serves a diverse range of clients, including consumers looking for alternative financing and retailers seeking to expand their customer base by offering more inclusive payment options.
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The business model of Snap Finance revolves around providing point-of-sale financing through partnerships with retailers. By integrating Snap Finance's checkout options into eCommerce platforms and physical stores, retailers can offer their customers the ability to finance purchases without relying solely on credit scores. This approach not only helps consumers make necessary purchases but also enables retailers to increase their sales and customer reach.
Snap Finance generates revenue through interest and fees associated with the financing plans it offers. The company also invests in technology and integration resources, such as SDKs and plugins, to streamline the implementation process for retailers. Additionally, Snap Finance is committed to social responsibility through its Snap Cares initiative, which focuses on community engagement and support.
At a glance
- Status
- Operational
- Founded
- 2011
- Headquarters
- Salt Lake City, United States
- Employees
- 1,047
- Open positions
- 15
- Dealroom signal
- 80.8/100
- Industry
- Fintech
- Sub-industry
- Financial Management Solutions
- Sector
- Fintech, financial inclusion
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
Latest news
Press, funding announcements and product moves mentioning Snap Finance.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Oct 2022 | $21M | $84M | Undisclosed | ↗ |
| GROWTH EQUITY VCOther financing | Jan 2019 | $0 | — | Summit Partners | — |
Growth signals
Latest recorded traffic for Snap Finance is 1.8M monthly website visits, down 5.3% over the last three months. Snap Finance's team grew 6.4% over the past year.
Open positions
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Snap Finance on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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