About Citcon
Citcon is a company based in Santa Clara (United States) founded in 2015 by Chuck Huang and Wei Jiang.. Citcon has raised $49.77 million across 4 funding rounds from investors including East West Bank, Norwest Venture Partners and Cota Capital. Citcon has completed 1 acquisition, including Opay. Citcon offers products and services including Payment Integration API, eCommerce Integrations, POS Integrations, and In-App Payments. Citcon operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, PayU and Square, among others.
- Headquarter Santa Clara, United States
- Founders Chuck Huang, Wei Jiang
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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 Citcon Usa Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$49.77 M (USD)
in 4 rounds
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Latest Funding Round
$4.77 M (USD), Series C
Sep 16, 2024
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Investors
East West Bank
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Citcon
Citcon offers a comprehensive portfolio of products and services, including Payment Integration API, eCommerce Integrations, POS Integrations, and In-App Payments. 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.
API for accepting global payment methods via one integration
Tools for handling online transactions and customer payments
Systems for in-store and contactless payment processing
Features for app-based transactions and routing
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Funding Insights of Citcon
Citcon has successfully raised a total of $49.77M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $4.77 million completed in September 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 4
- Last Round Series C — $4.8M
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First Round
First Round
(17 Apr 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series C - Citcon | Valuation |
investors |
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| Jan, 2022 | Amount | Series C - Citcon | Valuation |
investors |
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| Oct, 2021 | Amount | Series C - Citcon | Valuation | Norwest Venture Partners , Cota 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 Citcon
Citcon has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include East West Bank, Norwest Venture Partners and Cota 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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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Stage-agnostic venture capital investments are focused on US sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments in AI, healthcare, and enterprise technologies.
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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 Citcon
Citcon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Opay. 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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Payment processing solutions
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2017 |
| 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 - Citcon
| 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 |
Citcon Comparisons
Competitors of Citcon
Citcon 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 Stripe, PayPal, Flutterwave, PayU and Square, 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 processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Online payment and money transfer platform for businesses
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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 Citcon
Frequently Asked Questions about Citcon
When was Citcon founded?
Citcon was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Citcon located?
Citcon is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Who is the current CEO of Citcon?
Casey Bullock is the current CEO of Citcon.
Is Citcon a funded company?
Citcon is a funded company, having raised a total of $49.77M across 4 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Apr 17, 2019.
What does Citcon do?
Citcon was founded in 2015 and is based in Santa Clara, United States, within the fintech sector. Solutions for payment gateways are delivered to support QR codes, POS systems, API integrations, international transactions, and various payment methods. Operations include local currency settlements and fraud protection mechanisms for offline and online payments, facilitating secure and efficient processing across global markets.
Who are the top competitors of Citcon?
Citcon's top competitors include Stripe, PayU and Flutterwave.
What products or services does Citcon offer?
Citcon offers Payment Integration API, eCommerce Integrations, POS Integrations, and In-App Payments.
How many acquisitions has Citcon made?
Citcon has made 1 acquisition, including Opay.
Who are Citcon's investors?
Citcon has 5 investors. Key investors include East West Bank, Norwest Venture Partners, Cota Capital, Sierra Ventures, and Bright Pixel Capital.
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