About Coda Payments
Coda Payments is a company based in Singapore (Singapore) founded in 2011 by Neil Frederic Davidson, Paul Leishman, and Bobby Choi. It operates as a B2B, and Marketplace. Coda Payments has raised $695.2 million across 6 funding rounds from investors including Rakuten, Accion and Spiral Ventures. Coda Payments has completed 1 acquisition, including BAASH Esports. Coda Payments offers products and services including Codapay, Coda Custom Commerce, Coda Distribution, and Codashop. Coda Payments operates in a competitive market with competitors including Stripe, PayPal, Razorpay, Flutterwave and Square, among others.
- Headquarter Singapore, Singapore
- Founders Neil Frederic Davidson, Paul Leishman, Bobby Choi
- Stage Unicorn
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Sectors
Financial ServicesRetail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Coda Payments Pte. Ltd
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Annual Revenue
$169 M0as on Dec 31, 2023
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Net Profit
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EBITDA
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Total Equity Funding
$695.2 M (USD)
in 6 rounds
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Latest Funding Round
$690 M (USD), Series C
Apr 14, 2022
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Investors
Rakuten
& 11 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Coda Payments
Coda Payments offers a comprehensive portfolio of products and services, including Codapay, Coda Custom Commerce, Coda Distribution, and Codashop. 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.
Enables global payment access with over 400 methods.
Offers customizable web stores for content sales.
Connects to partner networks for revenue growth.
Facilitates sales of in-game currencies and apps.
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Funding Insights of Coda Payments
Coda Payments has successfully raised a total of $695.2M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $690 million completed in April 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 6
- Last Round Series C — $690.0M
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First Round
First Round
(18 Dec 2012)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series C - Coda Payments | Valuation | Insight Partners , GIC |
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| Aug, 2016 | Amount | Series A - Coda Payments | Valuation | Spiral Ventures , Toivo Annus | |
| Dec, 2013 | Amount | Series A - Coda Payments | Valuation | GMO Venture Partners |
| 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 Coda Payments
Coda Payments has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Rakuten, Accion and Spiral Ventures. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Venture capital firm focused on consumer internet, software, and technology companies
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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 Coda Payments
Coda Payments has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BAASH Esports. 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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Esports events and teams are organized by BAASH Esports.
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2020 |
| 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 - Coda Payments
| 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 |
Coda Payments Comparisons
Competitors of Coda Payments
Coda Payments 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, Razorpay, Flutterwave 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 |
Payment and business banking solutions are provided for enterprises.
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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 |
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 Coda Payments
Frequently Asked Questions about Coda Payments
When was Coda Payments founded?
Coda Payments was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Coda Payments located?
Coda Payments is headquartered in Singapore, Singapore.
Who is the current CEO of Coda Payments?
Neil Frederic Davidson is the current CEO of Coda Payments. They have also founded this company.
Is Coda Payments a funded company?
Coda Payments is a funded company, having raised a total of $695.2M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.3M, raised on Dec 18, 2012.
What is the annual revenue of Coda Payments?
Annual revenue of Coda Payments is $169M as on Dec 31, 2023.
What does Coda Payments do?
Coda Payments operates as a fintech company offering payment solutions like Codapay, which unlocks global payment coverage through over 400 methods across 70 markets. They provide customizable web stores for content sales and distribution networks to expand reach for publishers. Based in Singapore, Coda serves businesses and publishers by handling risks, fraud, and compliance, enabling seamless global monetization and audience growth through platforms like Codashop for in-game currencies.
Who are the top competitors of Coda Payments?
What products or services does Coda Payments offer?
Coda Payments offers Codapay, Coda Custom Commerce, Coda Distribution, and Codashop.
How many acquisitions has Coda Payments made?
Coda Payments has made 1 acquisition, including BAASH Esports.
Who are Coda Payments's investors?
Coda Payments has 12 investors. Key investors include Rakuten, Accion, Spiral Ventures, Insight Partners, and GIC.
What is Coda Payments's valuation?
The valuation of Coda Payments is $2.5B as of Apr 2022.
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