About Archax
Archax is a company based in London (United Kingdom) founded in 2018 by Matthew James Pollard and Graham Rodford was acquired by abrdn in August 2022.. Archax has raised $39.97 million across 9 funding rounds from investors including Stellar, abrdn and Recruitee. The company has 47 employees as of December 31, 2023. Archax has completed 2 acquisitions, including Globacap and King & Shaxson Capital Markets. Archax offers products and services including Crypto Exchange, Tokenisation Service, Stablecoin Service, Custody Solution, and Treasury Solutions. Archax operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter London, United Kingdom
- Employees 47 as on 31 Dec, 2023
- Founders Matthew James Pollard, Graham Rodford
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Archax Ltd
- Date of Incorporation 10 Apr, 2018
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$1.55 M (USD)0as on Dec 31, 2021
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Net Profit
$-2.69 M (USD)-165as on Dec 31, 2021
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EBITDA
$-2.79 M (USD)-157as on Dec 31, 2021
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Total Equity Funding
$39.97 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
Stellar
& 19 more
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Employee Count
47
as on Dec 31, 2023
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Investments & Acquisitions
Globacap
& 1 more
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Acquired by
abrdn
(Aug 12, 2022)
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Products & Services of Archax
Archax offers a comprehensive portfolio of products and services, including Crypto Exchange, Tokenisation Service, Stablecoin Service, Custody Solution, and Treasury Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for buying and selling cryptocurrencies like Bitcoin
Platform to tokenise real-world assets such as bonds
Tool for creating and managing stablecoins for transactions
Institutional-grade service for securing digital assets
Access to funds and yield-bearing instruments for investors
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Funding Insights of Archax
Archax has successfully raised a total of $39.97M across 9 strategic funding rounds. 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 9
- Last Round Last Round
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First Round
First Round
(11 Feb 2019)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series A - Archax | Valuation |
investors |
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| Nov, 2022 | Amount | Series A - Archax | Valuation | abrdn | |
| Oct, 2021 | Amount | Seed - Archax | Valuation |
investors |
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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 |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Archax
Archax has secured backing from 20 investors, including institutional and venture fund investors. Prominent investors backing the company include Stellar, abrdn and Recruitee. 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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Early and mid-stage companies are invested in by SGH Capital.
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Founded Year | Domain | Location | |
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Venture capital firm investing in the fintech sector
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Founded Year | Domain | Location | |
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Investments in blockchain sector are managed by venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
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 Archax
Archax has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Globacap and King & Shaxson Capital Markets. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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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.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Capital market services and investment opportunities are provided to clients.
|
2019 | ||||
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Suite of IT solutions for capital markets
|
2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Archax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Archax Comparisons
Competitors of Archax
Archax 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 Gemini, FTX, Blockchain, Bitstamp and PDAX, 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 |
Platform offering crypto exchange solutions
|
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| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
|
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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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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Latest news on Archax
Frequently Asked Questions about Archax
When was Archax founded?
Archax was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Archax located?
Archax is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Archax?
Graham Rodford is the current CEO of Archax. They have also founded this company.
Is Archax a funded company?
Archax is a funded company, having raised a total of $39.97M across 9 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Feb 11, 2019.
How many employees does Archax have?
As of Dec 31, 2023, the latest employee count at Archax is 47.
What is the annual revenue of Archax?
Annual revenue of Archax is $1.55M as on Dec 31, 2021.
What does Archax do?
Archax was founded in 2018 in London, United Kingdom, within the fintech sector focused on digital assets. An online trading platform is operated for cryptocurrencies, enabling buying and selling through due diligence processes. Custody services for fiat and crypto are offered, alongside trading of digital securities and issuance of crypto assets. Operations are centered in the UK, supporting institutional and retail users in secure digital asset management.
Who are the top competitors of Archax?
Archax's top competitors include Blockchain, Gemini and FTX.
What products or services does Archax offer?
Archax offers Crypto Exchange, Tokenisation Service, Stablecoin Service, Custody Solution, and Treasury Solutions.
How many acquisitions has Archax made?
Archax has made 2 acquisitions, including Globacap, and King & Shaxson Capital Markets.
Who are Archax's investors?
Archax has 20 investors. Key investors include Stellar, abrdn, Recruitee, CoinFund, and Tezos Foundation.
What is Archax's valuation?
The valuation of Archax is $37.6M as of Jun 2020.
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