About FOMO Pay
FOMO Pay is a company based in Singapore (Singapore) founded in 2015 by Zack Yang, Liu Xi Louis, and Zhan Yang was acquired by AMTD Group in July 2020. 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. FOMO Pay offers products and services including FOMO Payment, FOMO iBank, and CapBridge Treasury. FOMO Pay operates in a competitive market with competitors including Flutterwave, Xendit, Dlocal, Opn and 2C2P, among others.
- Headquarter Singapore, Singapore
- Founders Zack Yang, Liu Xi Louis, Zhan Yang
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$6.24 M (USD)120as on Dec 31, 2022
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Net Profit
$616.84 K (USD)88as on Dec 31, 2022
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EBITDA
$783.45 K (USD)116as on Dec 31, 2022
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Total Equity Funding
$13 M (USD)
in 1 rounds
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Latest Funding Round
$13 M (USD), Series A
Aug 18, 2022
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Investors
Antalpha
& 5 more
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Employee Count
Not available
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Investments & Acquisitions
1X
& 1 more
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Acquired by
AMTD Group
(Jul 06, 2020)
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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
People of FOMO Pay
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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.
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 |
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A venture capital fund is focused on fintech startup investments.
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Private equity firm focused on multiple sectors
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Growth-stage investments are focused on by Republic Capital venture firm.
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Investor details 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.
Investment portfolio details for FOMO Pay
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Platform to invest & trade private securities
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Locked | Locked | 2018 | Locked | |
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Private market investments are connected via an online fundraising platform.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for FOMO Pay
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Financial Statements - FOMO Pay
Detailed financials for FOMO Pay
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Fomo Pay Comparisons
Peer comparison for FOMO Pay
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Competitors of FOMO Pay
FOMO Pay 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 Flutterwave, Xendit, Dlocal, Opn and 2C2P, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of payment processing solutions for businesses
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Online payment and money transfer platform for businesses
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Global payment processing is facilitated for businesses through diverse methods.
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Integrated e-wallet and contactless payment solutions for businesses and consumers
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| Locked | Locked | Locked |
Payment processing solutions for businesses
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Electronic payments and banking transfers are facilitated for businesses.
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Detailed competitors of FOMO Pay
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Latest news on Fomo Pay
Complete news archive for 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 current CEO of FOMO Pay. They have also founded this company.
FOMO Pay is a funded company, having raised a total of $13M across 1 funding round to date.
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's top competitors include Flutterwave, Xendit and 2C2P.
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.