# TicToc Online

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tictoc-online-pty

- Industry: Financial Services
- Headquarters: Adelaide, Australia
- Website: www.tictochomeloans.com
- Total disclosed funding: $49M
- Latest round: Series D (Jan 12, 2023)
- Investors on record: 6

## About

TicToc Online Pty Ltd specializes in digital home loan solutions, providing a seamless mortgage application process tailored to meet the diverse needs of homebuyers and investors.Founded in 2015 and headquartered in Adelaide, Australia, TicToc Online Pty Ltd focuses on digital home financing solutions. The company was co-founded by Anthony Baum, who previously had experience in other ventures. The company has conducted a total of 7 deals, with the most recent one occurring on January 12, 2023, during their Series D funding round where they raised AUD 24 million, led by IAG Firemark Ventures and supported by Bendigo and Adelaide Bank. The total amount raised by the company to date is AUD 24 million, with a current valuation of AUD 297.308 million.TicToc Online Pty Ltd offers a variety of financial products centered around home financing solutions. Their primary offerings include mortgage loans designed for a wide range of clients, including first-time homebuyers, real estate investors, and those looking to refinance existing loans. These products aim to overcome common barriers in the home buying process by securing favorable interest rates and simplifying complex loan terms. The company primarily targets urban and suburban markets across the United States, focusing on enhancing accessibility to home ownership for their clients.For the fiscal year 2024, TicToc Online Pty Ltd reported a revenue of AUD 21,044,512 and an EBITDA of AUD 17,208,300. The company generates revenue through mortgage financing transactions, engaging directly with consumers who seek home loans. Their business operates primarily in a B2C environment, providing tailored financing solutions based on individual financial requirements, and fees associated with application processing and closing costs contribute to their revenue stream.In January 2023, TicToc Online Pty Ltd secured AUD 24 million in funding to enhance its digital lending services. The company plans to leverage this funding to transform the digital lending landscape by integrating additional products and services, such as insurance, into its platform. There are also plans to expand into new geographic markets, although specific regions and timelines have not been disclosed.

## Funding rounds

- Series D, Jan 12, 2023, $17M — Bendigo and Adelaide Bank, IAG Firemark Ventures
- Series D, Oct 25, 2021, $23M — LHC Capital, Bendigo and Adelaide Bank, Regal Funds Management, IAG Firemark Ventures
- Series B, Jul 5, 2018, $8.8M — IAG Firemark Ventures, Genworth Mortgage Insurance Australia Limited, La Trobe Financial Service

## Investors

- IAG Firemark Ventures (https://capitalatlas.ai/funds/iag-firemark-ventures) — Series B, Series D
- Genworth Mortgage Insurance Australia Limited — Series B
- La Trobe Financial Service — Series B
- LHC Capital — Series D
- Bendigo and Adelaide Bank — Series D
- Regal Funds Management — Series D