About DiPocket
DiPocket is a company based in London (United Kingdom) founded in 2014.. DiPocket has raised $14.43 million across 5 funding rounds from investors including GB & Partners. The company has 10 employees as of January 31, 2022. DiPocket offers products and services including Funds Disbursement, Loan Disbursement, Employee Benefits, Gift Cards, and Cashless Events. DiPocket operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, PaySend and Taptap Send, among others.
- Headquarter London, United Kingdom
- Employees 10 as on 31 Jan, 2022
- Stage Minicorn
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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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- Legal Name Dipocket Limited
- Date of Incorporation 23 Jan, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$1.49 M (USD)51as on Dec 31, 2022
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Net Profit
$-3.98 M (USD)-46as on Dec 31, 2022
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EBITDA
$-3.98 M (USD)-46as on Dec 31, 2022
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Total Equity Funding
$14.43 M (USD)
in 5 rounds
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Latest Funding Round
$1.32 M (USD), Series A
Mar 22, 2022
- Investors
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Employee Count
10
as on Jan 31, 2022
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Products & Services of DiPocket
DiPocket offers a comprehensive portfolio of products and services, including Funds Disbursement, Loan Disbursement, Employee Benefits, Gift Cards, and Cashless Events. 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.
White-label solution for streamlining business disbursements securely.
Seamless payment tool for lending and repayment management.
Multi-fund disbursement for employee rewards via cards.
Customizable cards for corporate gifting and rebates.
Mobile solutions for cashless transactions at events.
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Finance and Accounting
2 people
Head Team
1 people
Leadership Team
1 people
Accountant Team
1 people
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Funding Insights of DiPocket
DiPocket has successfully raised a total of $14.43M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $1.32 million completed in March 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 5
- Last Round Series A — $1.3M
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First Round
First Round
(29 Feb 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series A - DiPocket | Valuation |
investors |
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| Jul, 2021 | Amount | Series A - DiPocket | Valuation |
investors |
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| Jul, 2020 | Amount | Series A - DiPocket | Valuation | GB & 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 DiPocket
DiPocket has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include GB & Partners. 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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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 DiPocket
| 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 - DiPocket
| 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 |
Dipocket Comparisons
Competitors of DiPocket
DiPocket 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 MoneyGram, Chipper Cash, WorldRemit, PaySend and Taptap Send, 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 |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals through a mobile wallet.
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| domain | founded_year | HQ Location |
Banking channel for cross border money transfers
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via digital wallet.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by an app-based digital wallet.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for sending and receiving money internationally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Dipocket
Frequently Asked Questions about DiPocket
When was DiPocket founded?
DiPocket was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is DiPocket located?
DiPocket is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is DiPocket a funded company?
DiPocket is a funded company, having raised a total of $14.43M across 5 funding rounds to date. The company's 1st funding round was a Series A of $7.89M, raised on Feb 29, 2016.
How many employees does DiPocket have?
As of Jan 31, 2022, the latest employee count at DiPocket is 10.
What is the annual revenue of DiPocket?
Annual revenue of DiPocket is $1.49M as on Dec 31, 2022.
What does DiPocket do?
DiPocket was founded in 2014 and is headquartered in London, United Kingdom. Operations focus on the fintech sector, where a digital wallet is provided for loading funds and enabling cross-border money transfers. A prepaid Dipocket card is issued to support traveler expenses and ATM cash withdrawals. The service is accessible via apps for Android and iOS devices, facilitating both local and international transactions.
Who are the top competitors of DiPocket?
DiPocket's top competitors include Chipper Cash, Taptap Send and WorldRemit.
What products or services does DiPocket offer?
DiPocket offers Funds Disbursement, Loan Disbursement, Employee Benefits, Gift Cards, and Cashless Events.
Who are DiPocket's investors?
DiPocket has 1 investor. Key investors include GB & Partners.
What is DiPocket's valuation?
The valuation of DiPocket is $18.43M as of Mar 2022.