About GOPAX
GOPAX is a company based in Seoul (South Korea) founded in 2017 by Yeunjin Kong, James J Park, and Junhaeng Lee was acquired by Binance in February 2023.. GOPAX has raised $23.7 million across 2 funding rounds from investors including Binance, Digital Currency Group and KB Investment. GOPAX operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Seoul, South Korea
- Founders Yeunjin Kong, James J Park, Junhaeng Lee
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Streamy Co., Ltd.
-
Annual Revenue
$1.22 M (USD)-95as on Dec 31, 2022
-
Net Profit
$-70.4 M (USD)-629as on Dec 31, 2022
-
EBITDA
$-70.4 M (USD)-598as on Dec 31, 2022
-
Total Equity Funding
$23.7 M (USD)
in 2 rounds
-
Latest Funding Round
$23.7 M (USD), Series B
May 20, 2022
-
Investors
Binance
& 5 more
-
Employee Count
Employee Count
-
Acquired by
Binance
(Feb 03, 2023)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of GOPAX
GOPAX has successfully raised a total of $23.7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $23.7 million completed in May 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 2
- Last Round Series B — $23.7M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - GOPAX | Valuation | Digital Currency Group , Strong Ventures |
|
| Sep, 2021 | Amount | Debt – Conventional - GOPAX | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GOPAX
GOPAX has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Binance, Digital Currency Group and KB Investment. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Investments are made in innovative startups by Z Venture Capital.
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in early-stage tech startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by GOPAX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - GOPAX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gopax Comparisons
Competitors of GOPAX
GOPAX 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 Gemini, FTX, Blockchain, Bitstamp and PDAX, 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 |
Platform offering crypto exchange solutions
|
|
| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
|
|
| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
|
|
| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
|
|
| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
|
|
| domain | founded_year | HQ Location |
Online platform for crypto exchange
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Gopax
Frequently Asked Questions about GOPAX
When was GOPAX founded?
GOPAX was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is GOPAX located?
GOPAX is headquartered in Seoul, South Korea.
Who is the current CEO of GOPAX?
Junhaeng Lee is the current CEO of GOPAX. They have also founded this company.
Is GOPAX a funded company?
GOPAX is a funded company, having raised a total of $23.7M across 2 funding rounds to date.
What is the annual revenue of GOPAX?
Annual revenue of GOPAX is $1.22M as on Dec 31, 2022.
What does GOPAX do?
GOPAX was established in 2017 in Seoul, South Korea, as a cryptocurrency exchange platform. Trading of various digital assets, including Bitcoin, Ripple, Litecoin, and Ethereum, is facilitated for users. Buy, sell, and exchange operations are supported, with a maker fee of 0.040 and a taker fee of 0.040 applied. The platform operates within the financial technology sector, serving users in the region.
Who are the top competitors of GOPAX?
GOPAX's top competitors include Blockchain, Gemini and FTX.
Who are GOPAX's investors?
GOPAX has 6 investors. Key investors include Binance, Digital Currency Group, KB Investment, Strong Ventures, and Z Venture Capital.