Parachute Revenue

Financial Services • Toronto, Ontario, Canada • 1-10 Employees

Parachute revenue & valuation

Annual revenue	$769,995
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Financial Services industry and current estimated revenues	$2,500,000
Total funding	$1,100,000

Key Contacts at Parachute

Sumit Garg

Chief Technology Officer

Bruce Hodges

Founder & Ceo

Company overview

Headquarters	372 Bay St, 200, Toronto, Ontario M5H 2W9, CA
Phone number	+16479058090
Website	myparachute.co
NAICS	52
Employees	1-10
Socials

Parachute Email Formats

Parachute uses 1 email format. The most common is {first initial} (e.g., j@myparachute.co), used 100% of the time.

Format	Example	Percentage
{first initial}	j@myparachute.co	100%

About Parachute

Parachute was founded with the purpose of providing financial well-being for Canadians dealing with high-interest rate (predatory) debt. We are creating a world in which people have control over their finances, feel financially secure and empowered to make better choices. Our three step approach combines a lower interest rate debt consolidation loan with no hidden fees that resets a consumer's finances; a data driven app that monitors, educates and guides better financial behaviour; and a rebate system that motivates that behaviour with cash-back rewards. With Parachute, we are changing lives with just one loan.

Employees by Management Level

Total employees: 1-10

Seniority

Employees

C-Suite

Entry

Senior

Employees by Department

Parachute has 4 employees across 3 departments.

Departments

Number of employees

Funding Data

Explore Parachute's funding history, including investment rounds, total capital raised, and key backers.

Funding Date	Round	Amount	Link to Article
2023-02-01	3	N/A
2024-11-25	3	$1,100,000

Funding Insights

$1,100,000

Total funding amount

$1,100,000

Most recent funding amount

Number of funding rounds

Parachute Tech Stack

Discover the technologies and tools that power Parachute's digital infrastructure, from frameworks to analytics platforms.

Vimeo

Video players

Heap

Analytics

Microsoft 365

Cloudflare

CDN

jQuery

JavaScript libraries

HTTP/3

Miscellaneous

HSTS

Security

Webflow

Page builders

Google Analytics

Analytics

AdRoll CMP System

Cookie compliance

ShareThis

Widgets

Google Hosted Libraries

CDN

Frequently asked questions

Parachute is located in Toronto, Ontario, CA.

You can reach Parachute at +16479058090.

Parachute generates an estimated annual revenue of $769,995. This revenue figure reflects the company's market position and business performance in its industry.

Parachute has an estimated valuation of $2,500,000. This valuation is calculated based on industry-standard revenue multiples and reflects the company's growth potential and market positioning.

Parachute has approximately 1-10 employees. The company continues to grow its workforce to support its business operations and expansion.

Parachute has raised a total of $1,100,000 across 2 funding rounds. This investment has helped the company grow and expand its operations.

Key Contacts at Parachute

Sumit Garg

Chief Technology Officer

Bruce Hodges

Founder & Ceo

4.8

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