About Coda
Coda is a Financial Services company based in Singapore (Singapore) founded in 2011 by Paul Leishman and Neil Davidson. Merchant of record services and global payment solutions are provided. It operates on a Commission-Based and Two-Sided Marketplace model. Coda has raised $710 million across 2 funding rounds from investors including Accion, Spiral Ventures and Apis Partners. The company has 780 employees. Coda has completed 1 acquisition, including Recharge.com. Coda was last valued at $2.5 billion in December 2022. Its chief executive, as recorded, is Shane Happach. Its website coda.co draws about 201 thousand monthly visits. Coda offers products and services including Codapay, Coda Custom Commerce, Coda Instant Commerce, Coda Distribution, and Codashop. Its focus areas include Technology, Financial Technology and Payment Solutions. Its legal entity is Coda Payments Pte. Ltd.
Company details
Coda is engaged in offering global payment and commerce solutions. Services are extended across multiple sectors including gaming and digital content. A wide range of products like Codapay for payments, Coda Custom Commerce for customizable stores, and Codashop as a marketplace are provided. Expansion into over 70 markets worldwide is supported through a network of over 400 payment methods. Risk and compliance issues are managed as a Merchant of Record, enabling effortless scaling for partners. Growth in audience reach and revenue maximization are facilitated through integrated distribution networks.
- Total Equity Funding$710M (USD)
in 2 rounds
- Latest Funding Round$690M (USD), Series C
Apr 2022
- InvestorsAccion
& 8 more
- Employee Count780
- Investments & Acquisitions
Products & Services of Coda
Coda offers a comprehensive portfolio of products and services, including Codapay, Coda Custom Commerce, Coda Instant Commerce, Coda Distribution, and Codashop.
Global payment coverage is provided through extensive networks.
Customizable web stores are offered for unique branding.
Quick web store setup is enabled for businesses.
Partner networks are harnessed for broader distribution.
Global marketplace is provided for in-game content.
Funding Insights of Coda
Coda has successfully raised a total of $710M across 2 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 $710M
- Total Rounds 2
- Last Round Series C — $690M
- First Round $20M
(Nov 2019)
- Investors Count 9
All 2 funding rounds of Coda with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $690M | Series C | – | Insight Partners, GIC | – |
| Nov 2019 | $20M | Series B | – | Apis Partners | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Coda
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Last known valuation $2.5B (Dec 2022). 9 investors in total: 9 institutional.
Investors in Coda
Coda has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Accion, Spiral Ventures and Apis Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and venture capital asset management firm | apis.pe | London, United Kingdom | ||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
Venture capital firm focused on consumer internet, software, and technology companies | smashcap.com | Los Angeles, United States | ||
Corporate-backed venture capital is directed toward fintech and cloud sectors. | mdi.vc | Jakarta, Indonesia | ||
Venture capital firm | breyercapital.com | Menlo Park, United States | ||
Venture capital firm focusing on technology investments in Southeast Asia and India. | 2013 | spiral-ventures.com | Singapore, Singapore | |
Venture capital firm investing in Southeast Asian startups | goldengate.vc | Singapore, Singapore | ||
Foundation focused on early-stage investments in fintech sector | 1961 | accion.org | Washington, Dc, United States |
Investor details for Coda
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People of Coda
48 people are tracked at Coda (17 in leadership, 31 in team); the tracked headcount is 780.
| Name | Role | Group |
|---|---|---|
Paul Leishman | Co-Founder | Leadership |
Neil Davidson | Co-Founder | Leadership |
Shane Happach | CEO | Leadership |
Zac Liew | Chief Commercial Officer | Leadership |
Linda Lee | VP, People | Leadership |
Baoning Hou | Digital Marketing Director | Leadership |
Theparath Laohavoravudhikul | Global Business Development Director | Leadership |
Vaibhav Pugalia | Chief Of Staff | Leadership |
Robin Harris | Vp, Consumer Marketing | Leadership |
John Michael Joson | Senior Marketing Director, GTM | Leadership |
Timothy G. | Director, Business Development | Leadership |
Denis Sorokin | Operations Director | Distribution Partnerships | Leadership |
Deborah Im | Chief Legal Officer | Leadership |
Claire Weston | Chief Marketing Officer | Leadership |
Winston Lim | Director, Security and Compliance | Leadership |
Mike Feldkamp | CTO | Leadership |
Kenny Widjaja | Senior Partner Operation Manager | Leadership |
Andrew McNerlin | SVP Of Engineering | Team |
Cheryl Leong | B2b Marketing Manager, Global | Team |
Felix Joy | Senior Marketing Manager, Partnership Strategy | Team |
28 more people are available in the full profile.
Complete people profiles for Coda
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Investments & Acquisitions by Coda
Coda has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Recharge.com.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online utility bill payment platform for individuals | recharge.com | Nijmegen, Netherlands | 2012 | Jul 2025 | •••• |
Complete acquisition details for Coda
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Timeline of Coda
5 dated milestones of Coda across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Coda is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Series C, of $690.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Recharge.com.
Web traffic of Coda
The website of Coda (coda.co) receives about 200.8K visits a month.
- Monthly visits200.8K
▲ 19.5% vs previous month
Websites whose visitors overlap most with Coda. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fastspring.com | 100% | 897.2K | #40,113 | View details | |
| paddle.com | 100% | 2.6M | #23,008 | View details | |
| nexway.com | 100% | 164K | #274,818 | View details | |
| transfeera.com | 96% | 50.2K | #427,555 | View details | |
| chargebee.com | 93% | 2.8M | #18,399 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 23 similar websites and full traffic analytics for Coda
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Coda
Coda was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Coda is headquartered in Singapore, Singapore. It is registered at Singapore, Singapore, Singapore.
Shane Happach is the CEO of Coda, as recorded in our data.
Coda is a funded company, having raised a total of $710M across 2 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Nov 2019.
Coda has 780 employees.
Coda is engaged in offering global payment and commerce solutions. Services are extended across multiple sectors including gaming and digital content. A wide range of products like Codapay for payments, Coda Custom Commerce for customizable stores, and Codashop as a marketplace are provided. Expansion into over 70 markets worldwide is supported through a network of over 400 payment methods. Risk and compliance issues are managed as a Merchant of Record, enabling effortless scaling for partners. Growth in audience reach and revenue maximization are facilitated through integrated distribution networks.
Coda offers Codapay, Coda Custom Commerce, Coda Instant Commerce, Coda Distribution, and Codashop.
Coda has made 1 acquisition, including Recharge.com.
Coda has 9 investors. Key investors include Accion, Spiral Ventures, Apis Partners, Insight Partners, and GIC.
The valuation of Coda is $2.5B as of Dec 2022.
Coda operates through Coda Payments Pte. Ltd.
The website of Coda receives about 201 thousand visits a month.