About Bitkub
Bitkub is a company based in Bangkok (Thailand) founded in 2018 by Topp Jirayut Srupsrisopa and Atthakrit Chimplapibul was acquired by Siam Commercial Bank in November 2021.. Bitkub has raised $21.57 million across 3 funding rounds from investors including SCB and dtac. Bitkub operates in a competitive market with competitors including Coinsquare, KuCoin, Kraken, Bitso and Coinbase, among others.
- Headquarter Bangkok, Thailand
- Founders Topp Jirayut Srupsrisopa, Atthakrit Chimplapibul
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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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Annual Revenue
$33.16 M (USD)-59as on Dec 31, 2023
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Net Profit
$4.7 M (USD)-52as on Dec 31, 2023
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EBITDA
$6.15 M (USD)-54as on Dec 31, 2023
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Total Equity Funding
$21.57 M (USD)
in 3 rounds
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Latest Funding Round
$17.8 M (USD), Series A
Jul 03, 2023
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Investors
SCB
& 1 more
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Employee Count
Employee Count
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Acquired by
Siam Commercial Bank
(Nov 02, 2021)
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Funding Insights of Bitkub
Bitkub has successfully raised a total of $21.57M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $17.8 million completed in July 2023. 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 3
- Last Round Series A — $17.8M
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First Round
First Round
(06 May 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - Bitkub | Valuation |
investors |
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| Sep, 2019 | Amount | Seed - Bitkub | Valuation |
investors |
|
| May, 2019 | Amount | Seed - Bitkub | Valuation | dtac |
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| 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 Bitkub
Bitkub has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SCB and dtac. 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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Mobile telecommunications services are operated in Thailand by dtac.
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and corporations.
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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 Bitkub
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Bitkub
| 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 |
Bitkub Comparisons
Competitors of Bitkub
Bitkub 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 Bitkub
Frequently Asked Questions about Bitkub
When was Bitkub founded?
Bitkub was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Bitkub located?
Bitkub is headquartered in Bangkok, Thailand.
Who is the current CEO of Bitkub?
Topp Jirayut Srupsrisopa is the current CEO of Bitkub. They have also founded this company.
Is Bitkub a funded company?
Bitkub is a funded company, having raised a total of $21.57M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on May 06, 2019.
What is the annual revenue of Bitkub?
Annual revenue of Bitkub is $33.16M as on Dec 31, 2023.
What does Bitkub do?
Bitkub was established in 2018 in Bangkok, Thailand, as a cryptocurrency exchange. Trading services are facilitated for assets including Bitcoin, Ethereum, Cardano, Wanchain, and OmiseGO. Market data and news related to cryptocurrencies are supplied to users. APIs are offered to integrate with third-party applications, supporting broader ecosystem development in the digital asset sector.
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