About Centbee
Centbee is a company based in Sandton (South Africa) founded in 2016 by Lorien Gamaroff and Angus Brown.. Centbee has raised $2.27 million across 4 funding rounds from investors including nChain, CoinGeek and Ayre Group. Centbee operates in a competitive market with competitors including Bitski, Ethos.io, Lit Protocol, Bifrost Wallet and TokenPocket, among others.
- Headquarter Sandton, South Africa
- Founders Lorien Gamaroff, Angus Brown
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.27 M (USD)
in 4 rounds
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Latest Funding Round
$1 M (USD), Series A
Dec 23, 2022
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Investors
nChain
& 4 more
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Employee Count
Employee Count
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Funding Insights of Centbee
Centbee has successfully raised a total of $2.27M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in December 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 4
- Last Round Series A — $1.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Centbee | Valuation | Calvin Ayre | |
| Feb, 2020 | Amount | Series A - Centbee | Valuation | Two Hop Management |
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| Apr, 2019 | Amount | Series A - Centbee | Valuation | Calvin Ayre |
| 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 Centbee
Centbee has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include nChain, CoinGeek and Ayre Group. 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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Ayre Group is engaged in venture capital and real estate development.
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Founded Year | Domain | Location | |
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Two Hop Ventures is focused on Bitcoin SV startup investments.
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Founded Year | Domain | Location | |
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Blockchain and cryptocurrency news is provided via an online platform.
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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 Centbee
| 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 - Centbee
| 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 |
Centbee Comparisons
Competitors of Centbee
Centbee 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 Bitski, Ethos.io, Lit Protocol, Bifrost Wallet and TokenPocket, 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 |
A cold wallet for managing cryptocurrencies and collectibles is provided.
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| domain | founded_year | HQ Location |
Blockchain protocols and financial systems are bridged by Ethos.io's platform.
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| domain | founded_year | HQ Location |
Blockchain-based network for decentralized composability and encryption
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| domain | founded_year | HQ Location |
Cryptocurrency assets are managed securely through a mobile cold wallet.
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| domain | founded_year | HQ Location |
Multi-chain digital wallet for EOS blockchain users is developed.
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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 Centbee
Frequently Asked Questions about Centbee
When was Centbee founded?
Centbee was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Centbee located?
Centbee is headquartered in Sandton, South Africa. It is registered at Sandton, Gauteng, South Africa.
Who is the current CEO of Centbee?
Lorien Gamaroff is the current CEO of Centbee. They have also founded this company.
Is Centbee a funded company?
Centbee is a funded company, having raised a total of $2.27M across 4 funding rounds to date. The company's 1st funding round was a Series A of $1.27M, raised on Jan 29, 2018.
What does Centbee do?
Centbee was founded in 2016 in Sandton, South Africa, within the cryptocurrency and fintech sector. An app-based cold wallet is provided for users to store, send, and receive digital assets. Fund transfers from bank accounts or retail channels are supported, along with merchant payment processing and cross-border remittances. The platform operates on Android and iOS devices, facilitating secure crypto management in emerging markets.
Who are the top competitors of Centbee?
Centbee's top competitors include Ethos.io, Bitski and Cosmostation.
Who are Centbee's investors?
Centbee has 5 investors. Key investors include nChain, CoinGeek, Ayre Group, Calvin Ayre, and Two Hop Ventures.
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