About Achex
Achex is a company based in San Francisco (United States) founded in 1999 was acquired by First Data in July 2001.. Achex has raised $18 million across 1 funding round from investors including Fiserv, RRE Ventures and DFJ. Achex operates in a competitive market with competitors including Cuanto, PaymentWiser, ExplaraBiz, SnappyWire and Underwriters Technologies, among others.
- Headquarter San Francisco, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
-
Net Profit
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EBITDA
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Total Equity Funding
$18 M (USD)
in 1 rounds
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Latest Funding Round
$18 M (USD), Series A
Jul 12, 2000
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Investors
Fiserv
& 2 more
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Employee Count
Employee Count
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Acquired by
First Data
(Jul 10, 2001)
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Funding Insights of Achex
Achex has successfully raised a total of $18M through 1 strategic funding round. The most recent funding activity was a Series A round of $18 million completed in July 2000. 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $18.0M
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First Round
First Round
(12 Jul 2000)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2000 | Amount | Series A - Achex | Valuation | RRE Ventures , DFJ |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Achex
Achex has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Fiserv, RRE Ventures and DFJ. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location | |
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US focused VC firm
|
Founded Year | Domain | Location | |
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Payment processing and electronic commerce services are offered worldwide.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Achex
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Achex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Achex Comparisons
Competitors of Achex
Achex 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 Cuanto, PaymentWiser, ExplaraBiz, SnappyWire and Underwriters Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile commerce solutions are provided for e-commerce businesses.
|
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| domain | founded_year | HQ Location |
A payment link solution designed to streamline transactions for businesses.
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| domain | founded_year | HQ Location |
Provides payment gateway software solutions for secure transactions.
|
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| domain | founded_year | HQ Location |
Provides payment links and mPOS solutions for merchants.
|
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| domain | founded_year | HQ Location |
Provides software solutions for insurance underwriting and business streamlining.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Achex
When was Achex founded?
Achex was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Achex located?
Achex is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Achex a funded company?
Achex is a funded company, having raised a total of $18M across 1 funding round to date. The company's 1st funding round was a Series A of $18M, raised on Jul 12, 2000.
What does Achex do?
Achex was founded in 1999 in San Francisco, United States, within the financial technology sector. Online money transfer services based on checking accounts were offered to businesses, utilizing the Internet and established payment networks for fund transfers. Operations focused on ACH processing for efficient electronic payments. The company was acquired by FirstData in 2001, integrating its capabilities into broader payment solutions.
Who are the top competitors of Achex?
Achex's top competitors include Cuanto, PaymentWiser and ExplaraBiz.
Who are Achex's investors?
Achex has 3 investors. Key investors include Fiserv, RRE Ventures, and DFJ.
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