Modalku Funding, Investors & Competitors

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company’s mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company’s lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket’s origination process to offer loans to their customers. The company has rapidly gained market share in recent years and will also be the largest mortgage servicer in the US following its acquisition of the Mr. Cooper Group.

Avant is a Chicago-headquartered fintech company founded in 2012 that operates an online lending marketplace connecting consumers in the United States and United Kingdom to personal loans for debt consolidation, medical bills, and travel. Powered by machine learning algorithms analyzing 1,200 data points, the platform matches borrowers with over 20 bank partners, facilitating $10 billion in funded loans. Avant serves subprime and near-prime borrowers with loan amounts from $2,000 to $35,000.

Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 4 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart’s vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle’s final selling price.

RB Global has evolved into a leading global marketplace that connects buyers and sellers of commercial assets and vehicles. It is the result of the 2023 combination of Ritchie Bros. and IAA. Ritchie Bros.' roots were as an auctioneer facilitating transactions of commercial, construction, and transportation equipment (excavators, bulldozers, forklifts, and commercial trucks and trailers). However, it has evolved into an omnichannel marketplace. IAA has similar roots, though primarily focused on the salvage auction segment for consumer automobiles. The group provides ancillary services including title processing, transportation/towing, financing, data and appraisal, and so on. Its activities are international, though skewing approximately two-thirds to North America.

Faire is a wholesale marketplace connecting independent retailers with brands and artisans for unique merchandise discovery. The San Francisco-headquartered and Kitchener-based platform provides net 60 payment terms, free returns, and logistics via partnerships with USPS and DHL. Faire equips retailers with inventory management tools and data insights while enabling makers to access local stores across the United States, Canada, Europe, and Australia.

OfBusiness is a Delhi-headquartered B2B procurement platform serving small and medium enterprises in India's manufacturing and infrastructure sectors. It supplies raw materials such as metals, chemicals, polymers, agricultural commodities, petrochemicals, and building materials through online and offline channels. The company provides cash flow-based financing via its NBFC arm Oxyzo Financial Services and tech tools like BidAssist for tender opportunities.

Zetwerk is a Bengaluru-headquartered online manufacturing marketplace connecting enterprises with a network of over 6,000 vetted suppliers across India. The platform facilitates procurement of custom components like machined parts, castings, forgings, and assemblies for industries including renewables, defense, and heavy machinery. Zetwerk serves clients such as Siemens, GE, and L&T, offering end-to-end supply chain management from design validation to delivery. Founded in 2018, the company operates facilities in states like Karnataka, Tamil Nadu, and Maharashtra, enabling rapid prototyping and large-scale production with quality certifications including ISO 9001.

Inxeption is an Austin-headquartered digital commerce platform for industrial and supply chain businesses. The cloud-based SuperApp offers on-demand capital, data analytics, products, and logistics services via a B2B marketplace. Partners access sales channels and tools integrating with ERP systems for manufacturers in aerospace, energy, and construction.

RigUp is an Austin-headquartered talent platform matching skilled workers with energy sector jobs across the United States and Canada. It sources crews for drilling, completions, and renewables projects, serving operators like ExxonMobil and Halliburton. Rebranded as Brava in 2023, RigUp processes thousands of shifts weekly via its mobile app for vetting, payroll, and compliance.

Tridge is a Seoul-headquartered platform connecting food and agriculture buyers with sellers across 150 countries. Its marketplace facilitates sourcing from research through ordering, offering price analytics, quality verification, and logistics for commodities like fruits, grains, and seafood. The company processes over $2 billion in annual trade volume, serving importers in North America, Europe, and Asia with tools for supply chain transparency.

Jusda is a Shanghai-headquartered supply chain management platform serving Foxconn Technology Group with global C2C services. The company integrates trading, logistics, information, capital, and technology flows for electronics manufacturing, handling procurement from components to consumer delivery. Jusda operates warehouses in China, Vietnam, and India, supporting 100,000 suppliers and processing billions in annual transactions.

Ankorstore is a Paris-based B2B wholesale marketplace, founded in 2019, that connects independent retailers with independent brands across categories including home goods, grocery, fashion, beauty, and pet products. The platform lets more than 200,000 retailers source from over 15,000 brands across 23 European markets, offering more than a million products. Ankorstore operates from offices in Paris, London, Berlin, Amsterdam, and Stockholm and positions itself as an alternative to traditional wholesale distribution channels.

Tradeshift is a San Francisco-headquartered e-invoicing and supply chain platform founded in Copenhagen in 2008. It connects buyers including DHL, Airbus, and Unilever with suppliers in over 50 countries for procure-to-pay automation. Services cover digital invoicing, early payments, risk mitigation, and financing through APIs integrated with ERP systems like SAP and Oracle. The network eliminates paper processes for global transactions in manufacturing and logistics sectors.

Xingyun Group is a digital supply chain platform for consumer goods. It delivers SaaS tools for full-process management and one-stop direct-to-consumer services across categories. The company's global engine integrates resources in 72 countries and one region via nearly 160 warehouses, serving over 350,000 retailers in China while aiding overseas brands entering China and Chinese brands expanding abroad.

Material Bank is a Boca Raton, Florida-based digital marketplace where architects, designers, and corporate buyers search, sample, and order building and design materials from hundreds of brand partners across hundreds of thousands of SKUs. Orders placed by midnight ship overnight through a robotic logistics facility near Memphis, Tennessee, and arrive free of charge to design professionals, with brand partners paying for fulfillment. Launched in 2018, the platform connects design professionals with brand partners such as Mohawk and Sherwin-Williams across the architecture, design, and construction industries.

TBO Tek Ltd is a travel distribution platform. It is engaged in the business of operating an online technology platform (TBO Portal) providing its customers access to book international travel inventory aggregated through travel suppliers like airlines, hotels, cruises, car rentals, transfers, and rail services among others. Its customers include retail and API buyers such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps. The company's business activities fall within two primary business segments; Air ticketing which generates maximum revenue, and Hotels and packages. Geographically, it derives maximum revenue from India and also has its presence outside India.

impact.com is a Santa Barbara-headquartered partnership automation platform founded in 2008 for managing affiliates, influencers, B2B, and commerce partnerships. It powers revenue growth for Walmart, Uber, Shopify, Lenovo, L'Oreal, Fanatics, Levi's, and 1-800-Flowers by tracking consumer journeys, optimizing commissions, and providing marketplace discovery tools.

Izumi Co Ltd is engaged in operating shopping centres, general merchandising stores, clothing, household goods and food products. Most of the stores are located in Kyushu Region, Chugoku Region, and Shikoku Region in Japan. The company operates through segments including retail, retail-peripheral operations, and other. The retail segment is engaged in the retail business through shopping centres. The retail-peripheral operations segment consists of a credit and finance business, shop facility management, and restaurant operation, which deliver the vast majority of the business' income. The other segment includes wholesale and real estate operations.