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.
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.
People of Lerex Technology
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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 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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Investments & Acquisitions by Lerex Technology
Financial Statements - Lerex Technology
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.
| 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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Frequently Asked Questions about Lerex Technology
Lerex Technology was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Lerex Technology is headquartered in Cardiff, United Kingdom. It is registered at Cardiff, Wales, United Kingdom.
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.
As of Oct 31, 2022, the latest employee count at Lerex Technology is 7.
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.
Lerex Technology's top competitors include NymCard, Thames Technology and Prepaid Financial Services.
Lerex Technology offers Digital Payments, Cards, E-Wallets, Agency Banking, and Money Streaming.