About ATX
ATX is a company based in Petaling Jaya (Malaysia) founded in 2011 was acquired by Novatti in October 2021.. ATX has raised $46.4 thousand across 1 funding round from investors including Novatti and ScaleUp Malaysia. ATX offers products and services including Digital Wallet Solutions, Electronic Top-Up, Mobile Payment, and B2B Digital Payment Services. ATX operates in a competitive market with competitors including Flutterwave, Xendit, Pine Labs, Opn and ACI Worldwide, among others.
- Headquarter Petaling Jaya, Malaysia
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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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Products & Services of ATX
ATX offers a comprehensive portfolio of products and services, including Digital Wallet Solutions, Electronic Top-Up, Mobile Payment, and B2B Digital Payment Services. 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 enabling secure multi-method payments for users and agents.
Service for secure recharging of prepaid telecommunications credits.
System for electronic financial transactions via mobile devices.
Tools for business-to-business payment processing and management.
Funding Insights of ATX
ATX has successfully raised a total of $46.4K through 1 strategic funding round. The most recent funding activity was a Seed round of $46.4 thousand completed in April 2020. 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 Seed — $46,400
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First Round
First Round
(15 Apr 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2020 | Amount | Seed - ATX | Valuation | ScaleUp Malaysia |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 ATX
ATX has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Novatti and ScaleUp Malaysia. 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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Founded Year | Domain | Location | |
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Software for banking and payments solutions is developed and integrated.
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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 ATX
| 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 - ATX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Atx Comparisons
Competitors of ATX
ATX 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 Flutterwave, Xendit, Pine Labs, Opn and ACI Worldwide, 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 |
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment and money transfer platform for businesses
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| domain | founded_year | HQ Location |
Omnichannel payment solutions, loyalty programs, and business tools are provided.
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| domain | founded_year | HQ Location |
Integrated e-wallet and contactless payment solutions for businesses and consumers
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| domain | founded_year | HQ Location |
Mobile and online payment solutions are provided for banks.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Atx
Frequently Asked Questions about ATX
When was ATX founded?
ATX was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Where is ATX located?
ATX is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
Who is the current CEO of ATX?
Sashie Kumar is the current CEO of ATX.
Is ATX a funded company?
ATX is a funded company, having raised a total of $46.4K across 1 funding round to date. The company's 1st funding round was a Seed of $46.4K, raised on Apr 15, 2020.
What does ATX do?
ATX was founded in 2011 and is based in Petaling Jaya, Malaysia. Operations focus on the payment processing sector, where electronic payment collection platforms are developed and maintained for businesses and merchants. Services provided include agent-based payments, wallet-based payments, point-of-sale payments, and additional options to facilitate transactions. The company supports various payment needs across its domain atx.my.
Who are the top competitors of ATX?
ATX's top competitors include Flutterwave, Xendit and Pine Labs.
What products or services does ATX offer?
ATX offers Digital Wallet Solutions, Electronic Top-Up, Mobile Payment, and B2B Digital Payment Services.
Who are ATX's investors?
ATX has 2 investors. Key investors include Novatti, and ScaleUp Malaysia.
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