About Lerex Technology
Lerex Technology is a company based in Cardiff (United Kingdom) founded in 2015.. Lerex Technology has raised $2.13 million across 1 funding round. The company has 7 employees as of October 31, 2022. Lerex Technology offers products and services including Digital Payments, Cards, E-Wallets, Agency Banking, and Money Streaming. Lerex Technology operates in a competitive market with competitors including NymCard, Prepaid Financial Services, Thames Technology, B4BPayments and PrePay Solutions, among others.
- Headquarter Cardiff, United Kingdom
- Employees 7 as on 31 Oct, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Lerex Technology Limited
- Date of Incorporation 16 Oct, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.13 M (USD)
in 1 rounds
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Latest Funding Round
$2.13 M (USD), Angel Round
May 19, 2021
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Investors
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Employee Count
7
as on Oct 31, 2022
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Products & Services of Lerex Technology
Lerex Technology offers a comprehensive portfolio of products and services, including Digital Payments, Cards, E-Wallets, Agency Banking, and Money Streaming. 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.
Comprehensive suite for secure business payment processing.
Physical and virtual cards for enhanced transaction security.
Solutions for streamlined electronic payments and fee management.
Tools for extending financial services and bank transfers.
Technology for pay-as-you-go cash flow optimization.
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Funding Insights of Lerex Technology
Lerex Technology has successfully raised a total of $2.13M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $2.13 million completed in May 2021. 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 Angel Round — $2.1M
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First Round
First Round
(19 May 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Angel Round - Lerex Technology | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Lerex Technology
| 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 - Lerex Technology
| 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 |
Lerex Technology Comparisons
Competitors of Lerex Technology
Lerex Technology 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 NymCard, Prepaid Financial Services, Thames Technology, B4BPayments and PrePay Solutions, 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 |
NymCard is recognized as a card issuing and payment platform.
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| domain | founded_year | HQ Location |
Prepaid card solutions and payment technologies are provided globally.
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| domain | founded_year | HQ Location |
Payment cards are manufactured, personalized, and distributed globally.
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| domain | founded_year | HQ Location |
White-label prepaid MasterCard issuance is offered by B4B Payments.
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| domain | founded_year | HQ Location |
Provider of prepaid card programmes.
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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 Lerex Technology
Frequently Asked Questions about Lerex Technology
When was Lerex Technology founded?
Lerex Technology was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Lerex Technology located?
Lerex Technology is headquartered in Cardiff, United Kingdom. It is registered at Cardiff, Wales, United Kingdom.
Is Lerex Technology a funded company?
Lerex Technology is a funded company, having raised a total of $2.13M across 1 funding round to date. The company's 1st funding round was a Angel Round of $2.13M, raised on May 19, 2021.
How many employees does Lerex Technology have?
As of Oct 31, 2022, the latest employee count at Lerex Technology is 7.
What does Lerex Technology do?
Lerex Technology was established in 2015 and is based in Cardiff, United Kingdom. Prepaid card services are delivered on a white-label basis within the financial technology sector. Customizable payment solutions are offered to enable businesses to integrate branded card programs. Operations center on facilitating secure, flexible prepaid options for various client needs across the region. The companys domain, lerextech.com, supports these activities.
Who are the top competitors of Lerex Technology?
Lerex Technology's top competitors include NymCard, Thames Technology and Prepaid Financial Services.
What products or services does Lerex Technology offer?
Lerex Technology offers Digital Payments, Cards, E-Wallets, Agency Banking, and Money Streaming.
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