About Beep
Beep is a company based in Singapore (Singapore) founded in 2018 by Benjamin Long and Kristoffer Jacek Soh Zhi Wei. It operates as a API-as-a-Product, SaaS (Software-as-a-Service), and Mobility-as-a-Service. Beep has raised $3.3 million across 2 funding rounds from investors including Granite Asia, Farquhar Venture Capital and Singapore University of Technology and Design. Beep offers products and services including eMobility Platform, Unattended Retail Solution, and API for Automation. Beep operates in a competitive market with competitors including Nayax, OTI and KPay Innovation, among others.
- Headquarter Singapore, Singapore
- Founders Benjamin Long, Kristoffer Jacek Soh Zhi Wei
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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 Beep Technologies
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Annual Revenue
$340.61 K (USD)128as on Jun 30, 2021
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Net Profit
$-21.92 K (USD)-218as on Jun 30, 2021
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EBITDA
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Total Equity Funding
$3.3 M (USD)
in 2 rounds
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Latest Funding Round
$3.3 M (USD), Seed
Jul 31, 2024
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Investors
Granite Asia
& 7 more
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Employee Count
Employee Count
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Products & Services of Beep
Beep offers a comprehensive portfolio of products and services, including eMobility Platform, Unattended Retail Solution, and API for Automation. 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 open payments for electric vehicle chargers.
Solution supporting cashless payments for retail vending machines.
API provided for creating IoT-based automation user journeys.
Funding Insights of Beep
Beep has successfully raised a total of $3.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.3 million completed in July 2024. 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 2
- Last Round Seed — $3.3M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Beep | Valuation | Granite Asia , Farquhar Venture Capital | |
| Aug, 2023 | Amount | Seed - Beep | Valuation | GGV Capital |
| 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 Beep
Beep has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Granite Asia, Farquhar Venture Capital and Singapore University of Technology and Design. 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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Venture capital investments are provided to early-stage startups in Southeast Asia.
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Founded Year | Domain | Location | |
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PE, VC, and single family office focused on 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 |
| 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 Beep
| 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 - Beep
| 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 |
Beep Comparisons
Competitors of Beep
Beep 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 Nayax, OTI and KPay Innovation, 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 |
Payment solutions for vending machines are provided, including telemetry systems.
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| domain | founded_year | HQ Location |
Payments for wearable devices are enabled via cloud-integrated platform.
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| domain | founded_year | HQ Location |
Pay-as-you-go platform for device payments and accessibility without upfront costs.
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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 Beep
Frequently Asked Questions about Beep
When was Beep founded?
Beep was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Beep located?
Beep is headquartered in Singapore, Singapore.
Who is the current CEO of Beep?
Kristoffer Jacek Soh Zhi Wei is the current CEO of Beep. They have also founded this company.
Is Beep a funded company?
Beep is a funded company, having raised a total of $3.3M across 2 funding rounds to date.
What is the annual revenue of Beep?
Annual revenue of Beep is $340.61K as on Jun 30, 2021.
What does Beep do?
Beep is established as a universal automation platform focused on IoT solutions. The company is engaged in bridging the physical and digital divide through a modular platform. It is designed to power smart, contextual, and interoperable connectivity across physical touchpoints. Sectors served include eMobility and unattended retail. Privacy is ensured by leveraging decentralized technology. Solutions provided encompass open payment systems for electric vehicle chargers and cashless payment options for retail machines. Developers are supported through an accessible API for creating automations.
Who are the top competitors of Beep?
Beep's top competitors include Nayax, OTI and KPay Innovation.
What products or services does Beep offer?
Beep offers eMobility Platform, Unattended Retail Solution, and API for Automation.
Who are Beep's investors?
Beep has 8 investors. Key investors include Granite Asia, Farquhar Venture Capital, Singapore University of Technology and Design, M7holdings, and Wing Vasiksiri.
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