About Basiq
Basiq is a company based in Sydney (Australia) founded in 2016 was acquired by Cuscal in March 2023.. Basiq operates in a competitive market with competitors including M2P Fintech, Prime Trust, AuthBridge, Frollo and Volt, among others.
- Headquarter Sydney, Australia
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Basiq Pty Ltd
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Funding Insights of Basiq
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Basiq | Valuation | Visa |
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| Oct, 2019 | Amount | Series A - Basiq | Valuation | Reinventure Group , National Australia Bank |
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| Jun, 2017 | Amount | Seed - Basiq | Valuation |
investors |
| 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 Basiq
Basiq has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Visa, National Australia Bank and Westpac. 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-stage Australian tech companies are invested in by Reinventure Group.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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Digital payment solutions are offered to individuals and businesses.
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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 Basiq
| 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 - Basiq
| 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 |
Basiq Comparisons
Competitors of Basiq
Basiq 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 M2P Fintech, Prime Trust, AuthBridge, Frollo and Volt, 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 |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Cloud-based open banking API solutions are provided to banks.
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| domain | founded_year | HQ Location |
Volt is recognized as a provider of real-time payment solutions globally.
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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 Basiq
Frequently Asked Questions about Basiq
When was Basiq founded?
Basiq was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Basiq located?
Basiq is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
What does Basiq do?
Basiq was founded in 2016 in Sydney, Australia, within the fintech sector focused on open banking. Financial data from various sources is aggregated using APIs, allowing banks and institutions to deliver products like customized lending decisions and personalized customer engagement tools. Real-time transaction insights are also provided to support operational needs across financial services.
Who are the top competitors of Basiq?
Basiq's top competitors include M2P Fintech, AuthBridge and Volt.
Who are Basiq's investors?
Basiq has 6 investors. Key investors include Visa, National Australia Bank, Westpac, Reinventure Group, and Salesforce Ventures.