About AscendEX
AscendEX is a company based in Singapore (Singapore) founded in 2018 by George Cao, Gao Shang, and Cao Jing.. AscendEX has raised $50 million across 1 funding round from investors including Polychain, Hack VC and Jump Capital. AscendEX offers products and services including AscendEX Trading Platform, Copy Trading Service, and Mobile App. AscendEX operates in a competitive market with competitors including Coinsquare, KuCoin, Kraken, Bitso and Coinbase, among others.
- Headquarter Singapore, Singapore
- Founders George Cao, Gao Shang, Cao Jing
- 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
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- Legal Name Bmxdm Technology Pte. Ltd.
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Annual Revenue
$19.38 M-52as on Dec 31, 2020
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Net Profit
$2.64 M208as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Series B
Nov 03, 2021
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Investors
Polychain
& 8 more
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Employee Count
Employee Count
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Products & Services of AscendEX
AscendEX offers a comprehensive portfolio of products and services, including AscendEX Trading Platform, Copy Trading Service, and Mobile App. 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.
Platform for buying, selling, and trading cryptocurrencies securely.
Feature to replicate trades from experienced investors automatically.
App for accessing cryptocurrency markets and performing transactions.
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Funding Insights of AscendEX
AscendEX has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Series B round of $50 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $50.0M
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First Round
First Round
(03 Nov 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - AscendEX | Valuation | Polychain , Hack VC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| 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 AscendEX
AscendEX has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Polychain, Hack VC and Jump Capital. 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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Web3 venture capital firm partnering on blockchain projects.
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Founded Year | Domain | Location | |
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Venture capital and funds of fund firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital is directed toward infrastructure software companies.
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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
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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.
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Founded Year | Domain | Location |
Investments & Acquisitions by AscendEX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AscendEX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| 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 |
Ascendex Comparisons
Competitors of AscendEX
AscendEX 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 Coinsquare, KuCoin, Kraken, Bitso and Coinbase, 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 |
Digital assets are bought, sold, and traded on Coinsquare.
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and traded via this exchange platform.
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| domain | founded_year | HQ Location |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are traded and exchanged through an online platform.
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| domain | founded_year | HQ Location |
Cryptocurrency trading, storage, and exchange services are offered online.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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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 Ascendex
Frequently Asked Questions about AscendEX
When was AscendEX founded?
AscendEX was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is AscendEX located?
AscendEX is headquartered in Singapore, Singapore.
Who is the current CEO of AscendEX?
Gao Shang is the current CEO of AscendEX. They have also founded this company.
Is AscendEX a funded company?
AscendEX is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Series B of $50M, raised on Nov 03, 2021.
What is the annual revenue of AscendEX?
Annual revenue of AscendEX is $19.38M as on Dec 31, 2020.
What does AscendEX do?
AscendEX was founded in 2018 in Singapore as an online platform for cryptocurrency trading and exchange. Services offered include cash and margin trading, futures, copy trading, staking, and yield farming for digital assets. Fiat payments are enabled for cryptocurrency purchases. The platform operates globally and is accessible through Android and iOS applications.
Who are the top competitors of AscendEX?
What products or services does AscendEX offer?
AscendEX offers AscendEX Trading Platform, Copy Trading Service, and Mobile App.
Who are AscendEX's investors?
AscendEX has 9 investors. Key investors include Polychain, Hack VC, Jump Capital, Alameda Research, and Uncorrelated Ventures.
What is AscendEX's valuation?
The valuation of AscendEX is $455M as of Nov 2021.
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