About FOMO Pay
FOMO Pay is a Financial Services company based in Singapore (Singapore) founded in 2015 by Zack Yang, Liu Xi Louis, and Zhan Yang, and was acquired by AMTD Group in July 2020. Diversified payment processing solutions are provided to merchants. FOMO Pay has raised $13 million across 1 funding round from investors including Antalpha, AMTD Group and Jump Crypto. FOMO Pay has completed 2 acquisitions, including 1X and CapBridge. Its chief executive, as recorded, is Liu Xi Louis. Its website fomopay.com draws about 15 thousand monthly visits. FOMO Pay offers products and services including FOMO Payment, FOMO iBank, and CapBridge Treasury. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include 2C2P and Xfers; 2 of its 2 listed competitors have raised funding.
Company details
FOMO Pay was founded in 2015 in Singapore and operates in the fintech sector. Payment processing services are offered to businesses, enabling acceptance of various methods such as QR codes, digital wallets, credit cards, Buy Now Pay Later options, and cryptocurrencies. Integration with existing POS systems is supported through software intermediaries, multi-function APIs, and e-commerce platforms to reduce setup costs.
- Headquarters Singapore, Singapore
- Founders Zack Yang, Liu Xi Louis, Zhan Yang
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website fomopay.com
- Social LinkedIn X Facebook
- Acquired by AMTD Group (Jul 2020)
- Annual Revenue$6.24 M (USD)120as on Dec 31, 2022
- Net Profit$616.84 K (USD)88as on Dec 31, 2022
- EBITDA$783.45 K (USD)116as on Dec 31, 2022
- Total Equity Funding$13M (USD)
in 1 rounds
- Latest Funding Round$13M (USD), Series A
Aug 2022
- InvestorsAntalpha
& 5 more
- Investments & Acquisitions1X
& 1 more
- Acquired byAMTD Group
(Jul 2020)
Products & Services of FOMO Pay
FOMO Pay offers a comprehensive portfolio of products and services, including FOMO Payment, FOMO iBank, and CapBridge Treasury.
One-stop solution for merchants and corporates handling payments
Facilitates business banking needs and virtual accounts
Gateway for investment opportunities in private markets
Funding Insights of FOMO Pay
FOMO Pay has successfully raised a total of $13M through 1 strategic funding round. The most recent funding activity was a Series A round of $13 million completed in August 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 $13M
- Total Rounds 1
- Last Round Series A — $13M
- First Round $13M
(Aug 2022)
- Investors Count 5
All 1 funding rounds of FOMO Pay 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 |
|---|---|---|---|---|---|
| Aug 2022 | $13M | Series A | – | Jump Crypto |
6 investors in total: 6 institutional.
Investors in FOMO Pay
FOMO Pay has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Antalpha, AMTD Group and Jump Crypto.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital fund is focused on fintech startup investments. | hashkeycap.com | Hong Kong, China | ||
Private equity firm focused on multiple sectors | abicap.com | Beijing, China | ||
Growth-stage investments are focused on by Republic Capital venture firm. | republiccapital.co | Manhattan, United States | ||
Investment banking and VC fund | 2003 | amtdgroup.com | Hong Kong, China | |
Develops blockchain tools and trades in Web3 networks for community-driven tech. | 2015 | jumpcrypto.com | Chicago, United States | |
Investment in digital assets is enabled through a blockchain platform. | 2021 | antalpha.com | Singapore |
Investor details for FOMO Pay
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People of FOMO Pay
9 people are tracked at FOMO Pay (8 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Zack Yang | Co-Founder | Leadership |
Liu Xi Louis | Co-Founder & CEO | Leadership |
Zhan Yang | Co-Founder | Leadership |
Allen Vincent | CFO | Leadership |
Jann Jiang | Head Of Business, Global | Leadership |
Joanna Xue Bai | Head Of Project Management (report To Ceo) | Leadership |
Ruoshi Wang | Head Of Digital Payment | Leadership |
Sheena Lim | Director Of Institutional Banking | Leadership |
Hui Yeen Ng | Project Manager - Digital Banking | Team |
Complete people profiles for FOMO Pay
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Investments & Acquisitions by FOMO Pay
FOMO Pay has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 1X and CapBridge.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Platform to invest & trade private securities | 1x.exchange | Singapore | 2018 | Aug 2023 | •••• | |
Private market investments are connected via an online fundraising platform. | capbridge.sg | Singapore | 2015 | Aug 2023 | •••• |
Complete acquisition details for FOMO Pay
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Timeline of FOMO Pay
5 dated milestones of FOMO Pay across 8 years, from founding to its latest funding, stage changes and deals.
- Founded FOMO Pay is founded.
- Exit Acquired by AMTD Group.
- Funding First funding round of $13.0M.
- Acquisition Acquires CapBridge.
- Acquisition Acquires 1X.
Competitors of FOMO Pay
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 2c2p.com | 2003 | Singapore | $85M | Payment processing solutions for businesses | ||
| xfers.com | 2014 | Singapore | $32.5M | Electronic payments and banking transfers are facilitated for businesses. |
Detailed competitors of FOMO Pay
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- Full competitor set
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- Benchmarks
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Web traffic of FOMO Pay
The website of FOMO Pay (fomopay.com) receives about 15.4K visits a month.
- Monthly visits15.4K
▼ 24.9% vs previous month
Websites whose visitors overlap most with FOMO Pay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fintechnews.sg | 100% | 113.3K | #396,933 | View details | |
visa.com.sg | visa.com.sg | 100% | #521,169 | – | |
| thepaypers.com | 100% | #291,072 | View details |
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Related news about Fomo Pay
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Frequently Asked Questions about FOMO Pay
FOMO Pay was founded in 2015 and raised its 1st funding round 7 years after it was founded.
FOMO Pay is headquartered in Singapore, Singapore.
Liu Xi Louis is the CEO of FOMO Pay, as recorded in our data. They have also founded this company.
FOMO Pay is a funded company, having raised a total of $13M across 1 funding round to date. The company's 1st funding round was a Series A of $13M, raised on Aug 2022.
Annual revenue of FOMO Pay is $6.24M as on Dec 31, 2022.
FOMO Pay was founded in 2015 in Singapore and operates in the fintech sector. Payment processing services are offered to businesses, enabling acceptance of various methods such as QR codes, digital wallets, credit cards, Buy Now Pay Later options, and cryptocurrencies. Integration with existing POS systems is supported through software intermediaries, multi-function APIs, and e-commerce platforms to reduce setup costs.
FOMO Pay offers FOMO Payment, FOMO iBank, and CapBridge Treasury.
FOMO Pay has 6 investors. Key investors include Antalpha, AMTD Group, Jump Crypto, HashKey Capital, and Abicap.
Yes. FOMO Pay was acquired by AMTD Group in July 2020.