About Baneks
Baneks is a company based in Waterloo (Canada) founded in 2018 by Denson Xu. Baneks operates in a competitive market with competitors including FM Exchange, FxtoGO, Sina Exchange Currency, NorthPeak and Payments International, among others.
- Headquarter Waterloo, Canada
- Founders Denson Xu
- SectorsFinancial Services
- Email••••••••
- Website baneks.com
- Social LinkedIn Facebook Instagram YouTube
- Investors
Apps and channels of Baneks
Baneks publishes 2 mobile apps with over 10K+ downloads; its YouTube channel 换换Baneks has 311 subscribers.
Funding Insights of Baneks
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Baneks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | – | Seed | – | Accelerator Centre | – |
1 investors in total: 1 institutional.
Investors in Baneks
Baneks has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Accelerator Centre.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are built and accelerated in a structured studio environment. | – | acceleratorcentre.com | Waterloo, Canada |
Investor details for Baneks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Baneks
1 people are tracked at Baneks (1 in leadership).
| Name | Role | Group |
|---|---|---|
Denson Xu | Founder & CEO | Leadership |
Complete people profiles for Baneks
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Baneks
2 dated milestones of Baneks across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Baneks is founded.
- Funding First funding round.
Competitors of Baneks
Baneks 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 FM Exchange, FxtoGO, Sina Exchange Currency, NorthPeak and Payments International, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fmexchange.ca | 2021 | Ottawa, Canada | – | – | Provides online platform for currency exchange and money transfer for diaspora immigrants. | |
| fxtogo.xyz | 2015 | Bowmanville, Canada | – | – | Functions as an online platform for convenient currency exchange ordering. | |
| arzsina.com | 2019 | Coquitlam, Canada | – | – | Offers currency exchange services with zero commissions in Greater Vancouver areas. | |
| northpeakpays.com | 2020 | Vancouver, Canada | – | – | Delivers cross-border payment and currency exchange solutions for individuals and businesses. | |
| piifx.com | 2018 | Toronto, Canada | – | – | Offers foreign exchange conversions and global payments for businesses and individuals worldwide. | |
| worldmoneypay.com | 2016 | Toronto, Canada | – | – | Serves as an online platform for forex asset exchange. |
Detailed competitors of Baneks
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Baneks
10 companies that operate in the same segment as Baneks (Forex Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border remittances are enabled for individuals and businesses via apps. | 2011 | London, United Kingdom | USD 1.03 B | USD 2.71 B | – | |
Cross-border payments are processed for businesses via tools and APIs. | 2015 | Singapore, Singapore | USD 1.9 B | – | 1 | |
Cross-border payroll solutions are provided for global migrant workers. | 2021 | Berlin, Berlin, Germany | USD 38.93 M | – | – | |
Online platform for trading in forex, options, and CFDs | 1992 | Copenhagen, Denmark | USD 548.49 M | – | 1 | |
International payments are enabled online for consumers and businesses. | 2016 | Sao Paulo, Brazil | USD 21.53 M | – | – | |
Online foreign exchange and remittance services are facilitated in India. | 2011 | Gurugram, Haryana, India | USD 5.59 M | USD 1.17 M | 146 | |
An online platform is utilized for trading forex and CFDs. | 1995 | San Francisco, California, United States | USD 117.05 M | USD 317.42 | – | |
Online cross-border remittance platform for individuals | 2019 | San Francisco, California, United States | USD 60 M | – | – | |
Trading in CFDs, forex, cryptocurrencies, and indices is enabled online. | 2008 | London, England, United Kingdom | – | USD 809.63 M | 633 | |
NFC-enabled travel cards and wallets are provided for travelers. | 2018 | Singapore, Singapore | USD 105.5 M | – | – |
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Frequently Asked Questions about Baneks
Baneks was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Baneks is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Denson Xu is the current CEO of Baneks. They have also founded this company.
Baneks was founded in 2018 in Waterloo, Canada, within the fintech sector. Operations focus on facilitating the exchange, sending, and receiving of multiple currencies through partnerships with secured banks and financial institutions. The platform is accessible via mobile applications on iOS and Android devices, supporting cross-border transactions for users worldwide.
Baneks's top competitors include FM Exchange, FxtoGO and Sina Exchange Currency.
Baneks has 1 investor. Key investors include Accelerator Centre.
Yes. Baneks publishes Baneks换换 and 1 more app, with over 10,000 downloads.