About Brick
Brick is a company based in Jakarta (Indonesia) founded in 2020 by Gavin Tan and Deepak Malhotra. It operates as a API-as-a-Product, and FinTech. Brick has raised $8.5 million across 2 funding rounds from investors including Flourish Ventures, Antler and Trihill Capital. Brick has completed 2 acquisitions, including ETR and PT Eastern Transglobal Remittance. Brick offers products and services including Payment Flow API and Dashboard, Financial Data Aggregation API, Verification API, and Disbursement API. Brick operates in a competitive market with competitors including M2P Fintech, Digiasia, Prime Trust, AuthBridge and Ayoconnect, among others.
- Headquarter Jakarta, Indonesia
- Founders Gavin Tan, Deepak Malhotra
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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
*********
- Legal Name Pt Eastern Transglobal Remittance
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.5 M (USD)
in 2 rounds
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Latest Funding Round
$8.5 M (USD), Seed
Feb 10, 2022
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Investors
Flourish Ventures
& 13 more
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Employee Count
Employee Count
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Investments & Acquisitions
ETR
& 1 more
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Products & Services of Brick
Brick offers a comprehensive portfolio of products and services, including Payment Flow API and Dashboard, Financial Data Aggregation API, Verification API, and Disbursement API. 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.
Money movement is orchestrated seamlessly within platforms.
User financial data is accessed securely for personalization.
User identities are verified to prevent fraud risks.
Funds are disbursed to multiple recipients via automation.
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Funding Insights of Brick
Brick has successfully raised a total of $8.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $8.5 million completed in February 2022. 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 — $8.5M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Brick | Valuation | Flourish , Antler | |
| Mar, 2021 | Amount | Seed - Brick | Valuation | PT Prasetia Dwidharma |
| 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 Brick
Brick has secured backing from 14 investors, including venture fund and angel investors. Prominent investors backing the company include Flourish Ventures, Antler and Trihill Capital. 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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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Founded Year | Domain | Location | |
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Early-stage investing and founder support services are offered globally by Antler.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Trihill Capital's venture arm.
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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 Brick
Brick has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ETR and PT Eastern Transglobal Remittance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Non-profit organization providing science-based programs and services to advance health and opportunities.
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1981 | ||||
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Cross-border remittance services are offered to businesses via technology.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Brick
| 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 |
Brick Comparisons
Competitors of Brick
Brick 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, Digiasia, Prime Trust, AuthBridge and Ayoconnect, 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 |
Financial technology solutions for payments, lending, and remittances are offered.
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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 |
Open banking API solutions are provided for payment processing.
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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 Brick
Frequently Asked Questions about Brick
When was Brick founded?
Brick was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Brick located?
Brick is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Brick?
Gavin Tan is the current CEO of Brick. They have also founded this company.
Is Brick a funded company?
Brick is a funded company, having raised a total of $8.5M across 2 funding rounds to date.
What does Brick do?
Brick is established as a prominent provider of open finance APIs and financial services in Southeast Asia. The company is focused on enabling businesses to transform through faster payment systems, seamless integration, and streamlined operations. Solutions are offered across various sectors including P2P lending, HRIS, payroll software, and investment platforms. Financial data aggregation, user verification, and money movement tools are provided to enhance operational efficiency and security.
Who are the top competitors of Brick?
Brick's top competitors include Digiasia, M2P Fintech and AuthBridge.
What products or services does Brick offer?
Brick offers Payment Flow API and Dashboard, Financial Data Aggregation API, Verification API, and Disbursement API.
How many acquisitions has Brick made?
Brick has made 2 acquisitions, including ETR, and PT Eastern Transglobal Remittance.
Who are Brick's investors?
Brick has 14 investors. Key investors include Flourish Ventures, Antler, Trihill Capital, Better Tomorrow Ventures, and Rally Cap Ventures.