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
***********
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Phone
*********
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Website
*********
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Social
*********
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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
Employee Count
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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. 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.
One-stop solution for merchants and corporates handling payments
Facilitates business banking needs and virtual accounts
Gateway for investment opportunities in private markets
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $13.0M
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First Round
First Round
(18 Aug 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - FOMO Pay | Valuation | Jump Crypto |
| 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 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. 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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A venture capital fund is focused on fintech startup investments.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Growth-stage investments are focused on by Republic Capital venture firm.
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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 FOMO Pay
FOMO Pay has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 1X and CapBridge. 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.
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform to invest & trade private securities
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2018 | ||||
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Private market investments are connected via an online fundraising platform.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
|
2014 |
Financial Statements - FOMO Pay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Fomo Pay Comparisons
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. 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 |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment and money transfer platform for businesses
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| domain | founded_year | HQ Location |
Global payment processing is facilitated for businesses through diverse methods.
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| domain | founded_year | HQ Location |
Integrated e-wallet and contactless payment solutions for businesses and consumers
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| domain | founded_year | HQ Location |
Payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Electronic payments and banking transfers are facilitated for businesses.
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| 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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Latest news on Fomo Pay
Frequently Asked Questions about FOMO Pay
When was FOMO Pay founded?
FOMO Pay was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is FOMO Pay located?
FOMO Pay is headquartered in Singapore, Singapore.
Who is the current CEO of FOMO Pay?
Liu Xi Louis is the current CEO of FOMO Pay. They have also founded this company.
Is FOMO Pay a funded 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 18, 2022.
What is the annual revenue of FOMO Pay?
Annual revenue of FOMO Pay is $6.24M as on Dec 31, 2022.
What does FOMO Pay do?
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.
Who are the top competitors of FOMO Pay?
FOMO Pay's top competitors include Flutterwave, Xendit and 2C2P.
What products or services does FOMO Pay offer?
FOMO Pay offers FOMO Payment, FOMO iBank, and CapBridge Treasury.
How many acquisitions has FOMO Pay made?
Who are FOMO Pay's investors?
FOMO Pay has 6 investors. Key investors include Antalpha, AMTD Group, Jump Crypto, HashKey Capital, and Abicap.
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