About Acala Network
Acala Network is a company based in Auckland (New Zealand) founded in 2019 by Ruitao Su, Fuyao Jiang, and Bette Chen. Acala Network has raised $650 thousand across 2 funding rounds from investors including KR1 plc. The company has 2 employees as of December 31, 2022. Acala Network operates in a competitive market with competitors including TrustToken, Circle, Celo, MakerDAO and Origin Protocol, among others.
- Headquarter Auckland, New Zealand
- Employees 2 as on 31 Dec, 2022
- Founders Ruitao Su, Fuyao Jiang, Bette Chen
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name A.F.M. Limited
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$650 K (USD)
in 2 rounds
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Latest Funding Round
$400 M (USD), Debt – Conventional
Nov 09, 2021
- Investors
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Employee Count
2
as on Dec 31, 2022
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People of Acala Network
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Co Team
1 people
Product Management Team
1 people
Open Team
1 people
Creative and Marketing Team
1 people
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Funding Insights of Acala Network
Acala Network has successfully raised a total of $650K across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $400 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Acala Network
Acala Network has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include KR1 plc.
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KR1 plc is focused on digital asset investments and decentralized technologies.
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Investor details for Acala Network
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Investments & Acquisitions by Acala Network
Investment portfolio details for Acala Network
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Financial Statements - Acala Network
Detailed financials for Acala Network
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Acala Network Comparisons
Peer comparison for Acala Network
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Competitors of Acala Network
Acala Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TrustToken, Circle, Celo, MakerDAO and Origin Protocol, among others.
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Physical assets are tokenized on a decentralized platform for liquidity.
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Cross-border cryptocurrency payments for businesses are enabled through APIs.
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Blockchain-based stablecoins are utilized for social payments and transfers.
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A collateral-backed stablecoin is issued on the Ethereum blockchain.
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A blockchain platform is provided for building decentralized marketplaces.
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A stablecoin and decentralized payment protocol are provided by Reserve.
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Detailed competitors of Acala Network
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Latest news on Acala Network
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Frequently Asked Questions about Acala Network
Acala Network was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Acala Network is headquartered in Auckland, New Zealand.
Acala Network is a funded company, having raised a total of $650K across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Acala Network is 2.
Acala Network was founded in 2019 in Auckland, New Zealand, and functions as a blockchain platform in the decentralized finance sector. Operations center on the Polkadot ecosystem, where cross-chain currency transfers are enabled between connected blockchains. Services include trading mechanisms, lending options, and tools for managing loans. A multi-collateralized stablecoin, backed by assets from various chains, is supported in a decentralized manner.
Acala Network's top competitors include Circle, Celo and TrustToken.
Acala Network has 1 investor. Key investors include KR1 plc.