About Coda
Coda is a company based in Singapore (Singapore) founded in 2011 by Paul Leishman and Neil Davidson. It operates as a Commission-Based, and Two-Sided Marketplace. Coda has raised $710 million across 2 funding rounds from investors including Apis Partners, Insight Partners and GIC. Coda has completed 1 acquisition, including Recharge.com. Coda offers products and services including Codapay, Coda Custom Commerce, Coda Instant Commerce, Coda Distribution, and Codashop.
- Headquarter Singapore, Singapore
- Founders Paul Leishman, Neil Davidson
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Sectors
Financial Services
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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
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Net Profit
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EBITDA
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Total Equity Funding
$710 M (USD)
in 2 rounds
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Latest Funding Round
$690 M (USD), Series C
Apr 14, 2022
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Investors
Apis Partners
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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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. 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.
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.
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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 Total Funding
- Total Rounds 2
- Last Round Series C — $690.0M
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First Round
First Round
(19 Nov 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series C - Coda | Valuation | Insight Partners , GIC |
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| Nov, 2019 | Amount | Series B - Coda | Valuation | Apis Partners |
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| 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
Coda has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Apis Partners, Insight Partners and GIC. 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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Private equity and venture capital asset management firm
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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 |
| 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
Coda has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Recharge.com. 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.
|
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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Online utility bill payment platform for individuals
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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
| 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 Comparisons
Competitors of Coda
| 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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Frequently Asked Questions about Coda
When was Coda founded?
Coda was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Where is Coda located?
Coda is headquartered in Singapore, Singapore.
Who is the current CEO of Coda?
Shane Happach is the current CEO of Coda.
Is Coda a funded company?
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 19, 2019.
What does Coda do?
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.
What products or services does Coda offer?
Coda offers Codapay, Coda Custom Commerce, Coda Instant Commerce, Coda Distribution, and Codashop.
How many acquisitions has Coda made?
Coda has made 1 acquisition, including Recharge.com.
Who are Coda's investors?
Coda has 4 investors. Key investors include Apis Partners, Insight Partners, GIC, and Smash Capital.
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