About Foris
Foris is a company based in Hong Kong (China) founded in 2016 was acquired by Alight Media in May 2021. It operates as a Blockchain-as-a-Service. Foris offers products and services including Blockchain Consumer Apps. Foris operates in a competitive market with competitors including Wave Systems, Chipper Cash, WorldRemit, bKash and YouTrip, among others.
- Headquarter Hong Kong, China
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Foris Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Alight Media
(May 17, 2021)
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Products & Services of Foris
Foris offers a comprehensive portfolio of products and services, including Blockchain Consumer Apps. 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.
Consumer apps are developed using blockchain technology for innovation.
Funding Insights of Foris
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Foris
Foris has secured backing from 1 investor. Prominent investors backing the company include Alight Media. 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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Provides national and local advertising via billboards and digital networks.
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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 Foris
| 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 - Foris
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Foris Comparisons
Competitors of Foris
Foris 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 Wave Systems, Chipper Cash, WorldRemit, bKash and YouTrip, 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 |
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via an app-based wallet.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals through a mobile wallet.
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Banking channel for cross border money transfers
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| domain | founded_year | HQ Location |
Mobile financial services and payment system for consumers
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| domain | founded_year | HQ Location |
NFC-enabled travel cards and wallets are provided for travelers.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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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 Foris
Frequently Asked Questions about Foris
When was Foris founded?
Foris was founded in 2016.
Where is Foris located?
Foris is headquartered in Hong Kong, China.
What does Foris do?
Blockchain technology is utilized by Foris to develop innovative consumer applications. Expertise is held in iOS and Android development, UIUX design, and smart contract creation. Participation in prestigious programs like FinTech SuperCharger 2017 and Cyberport Incubation Program is noted. The focus is placed on impacting industries through advanced technological solutions. Operations are based in Hong Kong with additional offices in Singapore and London.
Who are the top competitors of Foris?
Foris's top competitors include Chipper Cash, Taptap Send and WorldRemit.
What products or services does Foris offer?
Foris offers Blockchain Consumer Apps.
Who are Foris's investors?
Foris has 1 investor. Key investors include Alight Media.