Last updated 2026-06-18
- Raised $1.4M funding round, Oct 2015
Total raised
$1.4M
Last: 2015-10
Stage
Mature
Founded
2015
Headcount
19
HQ
Tel Aviv-Yafo, Israel
Sector
Fintech & Insurtech
About
Cinch is focused on creating vibrant communities where people have a sense of mutual purpose and belonging. The company aims to connect local businesses, consumers, and communities through its app, Cinch Mobile Wallet. Cinch Mobile Wallet encourages consumers to shop local by allowing them to save money and help their community at the same time. When consumers shop with Cinch, local businesses benefit from increased sales and loyalty. In turn, more money circulates within the community to support local schools, roads, emergency services, and more. In addition, Cinch gives back a portion of all local proceeds to local causes, ensuring that money spent with Cinch directly benefits the users community.
Funding history · 1 round · $1.4M total
2015-10
$1.4M
Q&A
- What is Cinch's primary business focus?
- Cinch is a mobile wallet app focused on creating vibrant communities by connecting local businesses, consumers, and communities. It encourages local shopping by allowing consumers to save money and support their community, with a portion of proceeds given back to local causes.
- When was Cinch founded?
- Cinch was founded in January 2015.
- What is the current status of Cinch?
- Cinch is currently inactive, having ceased operations in February 2019.
- How much funding has Cinch raised in total?
- Cinch has raised a total of $1,400,000.
- Which investors participated in Cinch's funding round?
- In October 2015, Cinch raised $1,400,000 with participation from lool ventures and iAngels.
- What is Cinch's employee count?
- Cinch has an employee count in the 11-50 range.
- What sector does Cinch primarily operate in?
- Cinch's primary sector is Fintech & Insurtech.
- Where is Cinch's headquarters located?
- Cinch's headquarters is located in Tel Aviv-Yafo, Israel.
Team · 3
Founder · Co-founder & CEO
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesMobile
Target customers
Enterprise & Professional ServicesSMBs & SMEsFood Retail & ConsumptionRestaurantsCommerce & Retail
Business model
B2CB2B
Highlights
Verified
Tags
fintechsmbpaymentsdigital-walletmobile-applicationsonline-retailersrestaurantsretailers
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| linkedin.com/company/10519137 | |
| facebook.com/cinchwallet |
Identifiers & details
| Former names | Credithood |
|---|---|
| Founded | 2015-1 |
| Employees (exact) | 19 |
| Offices | New York |
| Status reason | Non Active, Feb 2019 ceased to operate |