About Fastacash
Fastacash is a Financial Services company based in Singapore (Singapore) founded in 2012, and was acquired by MYPAY in March 2017. Value transfers and digital content are enabled via social networks. Fastacash has raised $23.5 million across 4 funding rounds from investors including MYPAY, Rising Dragon and InspirAsia. Its Indian entity Fastacash India Private Limited reported revenue of ₹3.40 Cr. The company was acqui-hired. Fastacash offers products and services including FastACash Platform. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance.
Company details
Fastacash was founded in 2012 in Singapore and operates within the fintech sector. A global platform is provided for transferring money, airtime, and other value tokens alongside photos, videos, audio, and messages through social networks and messaging apps. Patent-pending link technology is utilized for secure transactions, with an API integrated to banks, mobile operators, and remittance firms to facilitate socialized payment services.
- Headquarters Singapore, Singapore
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website fastacash.com
- Social LinkedIn X Facebook
- Acquired by MYPAY (Mar 2017)
- Legal Name Fastacash India Private Limited
- Date of Incorporation 03 Apr, 2013
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Fastacash
Fastacash operates through Fastacash India Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fastacash India Private Limited CIN U74999MH2013FTC241671 | Strike Off | 03 Apr 2013 | Mumbai, Maharashtra | ₹3.4 Cr | 2 | View details |
Products & Services of Fastacash
Fastacash offers a comprehensive portfolio of products and services, including FastACash Platform.
Online tool for secure sending and receiving of payments globally
Funding Insights of Fastacash
Fastacash has successfully raised a total of $23.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in July 2015. 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 $23.5M
- Total Rounds 4
- Last Round Series B — $15M
- First Round $1.5M
(Jun 2012)
- Investors Count 6
All 4 funding rounds of Fastacash 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 |
|---|---|---|---|---|---|
| Jul 2015 | $15M | Series B | – | Rising Dragon | |
| Jun 2014 | $4M | Series A | – | – | |
| Oct 2013 | $3M | Series A | – | – | |
| Jun 2012 | $1.5M | Seed | – | – |
7 investors in total: 7 institutional.
Investors in Fastacash
Fastacash has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include MYPAY, Rising Dragon and InspirAsia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| risingdragon.com.sg | ||||
| inspirasia.sg | ||||
Fintech startups are supported through investments and acceleration by Life.SREDA. | sreda.vc | Singapore, Singapore | ||
Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors. | jungle.vc | |||
| spring.gov.sg | ||||
| fundingthefuturelive.org | ||||
Provider of ice hockey training and competition programs | 2015 | mypay.com.mm | Yangon, Myanmar |
Investor details for Fastacash
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Fastacash India Private Limited (Fastacash)
Fastacash India Private Limited is the primary company behind Fastacash. The board of Fastacash India Private Limited currently have 2 directors; the longest-serving is Vinh Hoang Nguyen Ngoc, appointed in 2017. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinh Hoang Nguyen Ngoc DIN 07741616 | Director | 28 Feb 2017 | 9 yrs 7 mo | Fastacash India Private Limited |
| Nicolas Kim Hoang Nguyen DIN 07741682 | Director | 28 Feb 2017 | 9 yrs 7 mo | Fastacash India Private Limited |
Financials of Fastacash
Figures of Fastacash India Private Limited, the primary company behind Fastacash, for FY 2016. Revenue was ₹3.40 Cr (+19% year on year). Net profit was ₹25.7 Lakh (8% margin). EBITDA was ₹38.7 Lakh (11% margin).
- ₹3.40 CrRevenue · FY 2016 · +19% YoY
- ₹25.7 LakhNet profit · 8% margin
- ₹38.7 LakhEBITDA · 11% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Fastacash India Private Limited are on its company page.
Detailed financial statements for Fastacash
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Fastacash
4 dated milestones of Fastacash across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Fastacash is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series B, of $15.0M.
- Exit Acquired by MYPAY.
Web traffic of Fastacash
Websites that share an audience with Fastacash (fastacash.com).
Websites whose visitors overlap most with Fastacash. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| entryindia.com | 100% | #4,069,410 | View details | ||
help.venmo.com | help.venmo.com | 100% | – |
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Related news about Fastacash
Complete news archive for Fastacash
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Frequently Asked Questions about Fastacash
Fastacash was founded in 2012.
Fastacash is headquartered in Singapore, Singapore.
Fastacash is a funded company, having raised a total of $23.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 2012.
The primary company behind Fastacash, Fastacash India Private Limited, reported revenue of ₹3.40 Cr for FY 2016, up 19% year on year.
Fastacash was founded in 2012 in Singapore and operates within the fintech sector. A global platform is provided for transferring money, airtime, and other value tokens alongside photos, videos, audio, and messages through social networks and messaging apps. Patent-pending link technology is utilized for secure transactions, with an API integrated to banks, mobile operators, and remittance firms to facilitate socialized payment services.
Fastacash offers FastACash Platform.
Fastacash has 7 investors. Key investors include MYPAY, Rising Dragon, InspirAsia, Life.SREDA, and SPRING Singapore.
Fastacash operates through Fastacash India Private Limited.
Yes. Fastacash was acquired by MYPAY in March 2017.
The legal entities of Fastacash currently have 2 directors, including Vinh Hoang Nguyen Ngoc, Nicolas Kim Hoang Nguyen.