About M-DAQ
M-DAQ is a Technology company based in Singapore (Singapore) founded in 2010. Trade management solutions are provided for cross-border investor activities. M-DAQ has raised $252.03 million across 5 funding rounds from investors including Ant Group, Samsung Venture Investment and NTT Communications. M-DAQ has completed 2 acquisitions, including Easypay Transfer and Wallex. M-DAQ was last valued at $367 million in November 2019. M-DAQ offers products and services including Aladdin+, Wallex, and Trading the Right Chartâ„¢. Its focus areas include FinTech, Investment Tech, Capital Market IT and Trade Management. Its legal entity is M-DAQ Pte. Ltd.
Company details
Founded in 2010 in Singapore, M-DAQ focuses on financial services within the investment sector. Trade management solutions are delivered to support cross-border investments in exchange-traded products. Broker services, along with tools for inbound and outbound trades, are offered. Forex rates for futures, equities, and foreign securities are also made available to facilitate operations in international markets.
- Annual Revenue$27.84 M (USD)38as on Dec 31, 2021
- Net Profit-$1.46 M (USD)59as on Dec 31, 2021
- Total Equity Funding$252.03M (USD)
in 5 rounds
- Latest Funding Round$147.5M (USD), Series D
Aug 2021
- InvestorsAnt Group
& 11 more
- Investments & AcquisitionsEasypay Transfer
& 1 more
Products & Services of M-DAQ
M-DAQ offers a comprehensive portfolio of products and services, including Aladdin+, Wallex, and Trading the Right Chart™.
Platform for home-currency pricing to reduce shopping cart abandonment
Manages international payments and FX conversions for businesses
Enables multi-currency trading for stock exchanges and brokers
Funding Insights of M-DAQ
M-DAQ has successfully raised a total of $252.03M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $147.5 million completed in August 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 $252.03M
- Total Rounds 5
- Last Round Series D — $147.5M
- First Round $11.7M
(Oct 2013)
- Investors Count 12
All 5 funding rounds of M-DAQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $147.5M | Series D | – | – | |
| Nov 2019 | Series C | $367M | Samsung Venture Investment | ||
| Nov 2015 | $87M | Series C | – | Ant Group | |
| Nov 2013 | $5.83M | Series B | – | Murano Corp | – |
| Oct 2013 | $11.7M | Series B | – | Citi Ventures, GSR Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2019 | $367M | •••••••• |
Last known valuation $367M (Nov 2019). 12 investors in total: 11 institutional and 1 angel.
Investors in M-DAQ
M-DAQ has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ant Group, Samsung Venture Investment and NTT Communications.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A leader in Asian private equity investments since 1998. | 1998 | affinityequity.com | Singapore, Singapore | |
Venture capital investments are made in promising startups. | 1999 | samsungventure.co.kr | Seocho, South Korea | |
Government-backed investments are directed toward healthcare, fintech, and various sectors. | edbi.com | Singapore, Singapore | ||
Growth-stage venture capital is invested in Singapore and China. | vickersventure.com | Singapore, Singapore | ||
Corporate venture capital firm backed by Citi | citi.com/ventures | San Francisco, United States | ||
Early-stage tech startups are invested in by GSR Ventures. | gsrventuresglobal.com | Beijing, China | ||
| alternatives.pe | ||||
Payment processing solution for consumers, small and micro businesses | 2004 | antgroup.com | Hangzhou, China | |
Investments in early-stage technology companies are made by GSR Ventures. | gsrventures.com | Beijing, China | ||
Hybrid cloud solutions and CDN services are provided for optimization. | 1999 | ntt.com | Chiyoda City, Japan |
Investor details for M-DAQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of M-DAQ
26 people are tracked at M-DAQ (12 in leadership, 14 in team).
| Name | Role | Group |
|---|---|---|
Heng Chiang Meng | Vice President | Leadership |
Zuda Ng | Associate Director, Product | Leadership |
Charles Guo | Head of Legal | Leadership |
Richard Koh | Founder & CEO | Leadership |
Sriram Aravamudan | Head of Engineering | Leadership |
Noboru Takahashi | Co-Founder & Head of Japan | Leadership |
Choon Seng Tan | GM, Operations & Chief of Staff | Leadership |
Loong Choon See | Senior Director, Co-head Of Institutions And Large Businesses | Leadership |
Sean Yeo | Director, Partnerships | Leadership |
Jaze Goh | Head Of Compliance And Operational Risk | Leadership |
Gary Tan | Head Of Department | Leadership |
Vidhi Shah | Head Of SBU Marketing - MDAQ Global | Leadership |
Reza Primasatya | Data Scientist | Team |
Grace Ong | Product Manager | Team |
Dulip G. | Staff Software Engineer | Team |
Luying Pang | Data Engineer | Team |
Rosalyn Olive Serrano | Site Reliability Engineer | Team |
Wei Quan Tsu | Senior Devops Engineer | Team |
Wenshu Chen | Software Engineer | Team |
Vinod Pandey | Engineering Manager | Team |
6 more people are available in the full profile.
Complete people profiles for M-DAQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by M-DAQ
M-DAQ has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Easypay Transfer and Wallex.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Easypay Transfer is acquired by M-DAQ Global for payment services. | easypaytransfers.com | Kuala Lumpur, Malaysia | 2017 | Jul 2024 | •••• | |
Cross-border payments acceptance and management solution for businesses | wallex.asia | Singapore | 2015 | Feb 2022 | •••• |
Complete acquisition details for M-DAQ
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of M-DAQ
6 dated milestones of M-DAQ across 14 years, from founding to its latest funding, stage changes and deals.
- Founded M-DAQ is founded.
- Funding First funding round of $11.7M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series D, of $147.5M.
- Acquisition Acquires Wallex.
- Acquisition Acquires Easypay Transfer.
Web traffic of M-DAQ
The website of M-DAQ (m-daq.com) receives about 6.8K visits a month.
- Monthly visits6.8K
▲ 28.6% vs previous month
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Frequently Asked Questions about M-DAQ
M-DAQ was founded in 2010 and raised its 1st funding round 3 years after it was founded.
M-DAQ is headquartered in Singapore, Singapore.
M-DAQ is a funded company, having raised a total of $252.03M across 5 funding rounds to date. The company's 1st funding round was a Series B of $11.7M, raised on Oct 2013.
Annual revenue of M-DAQ is $27.84M as on Dec 31, 2021.
Founded in 2010 in Singapore, M-DAQ focuses on financial services within the investment sector. Trade management solutions are delivered to support cross-border investments in exchange-traded products. Broker services, along with tools for inbound and outbound trades, are offered. Forex rates for futures, equities, and foreign securities are also made available to facilitate operations in international markets.
M-DAQ offers Aladdin+, Wallex, and Trading the Right Chartâ„¢.
M-DAQ has made 2 acquisitions, including Easypay Transfer, and Wallex.
M-DAQ has 12 investors. Key investors include Ant Group, Samsung Venture Investment, NTT Communications, Murano Corp, and Affinity Equity Partners.
The valuation of M-DAQ is $367M as of Nov 2019.
M-DAQ operates through M-Daq Pte. Ltd.