About MeaWallet
MeaWallet is a company based in Sandvika (Norway) founded in 2013 was acquired by Teya in December 2022.. MeaWallet has raised $5.2 million across 2 funding rounds from investors including Teya, Seamless Distribution Systems and Idékapital. The company has 12 employees as of December 31, 2019. MeaWallet has completed 1 acquisition, including BankLaunch. MeaWallet offers products and services including Tokenisation, Mobile Wallets, Push Provisioning, Digital Cards, and Mea Token Control. MeaWallet operates in a competitive market with competitors including Comviva, Zoop, Yoyo Wallet, Ondot Systems and Ansa, among others.
- Headquarter Sandvika, Norway
- Employees 12 as on 31 Dec, 2019
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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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Annual Revenue
$3.73 M (USD)59as on Dec 31, 2021
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Net Profit
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EBITDA
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Total Equity Funding
$5.2 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Seed
Apr 01, 2021
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Investors
Teya
& 2 more
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Employee Count
12
as on Dec 31, 2019
- Investments & Acquisitions
- Acquired by
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Products & Services of MeaWallet
MeaWallet offers a comprehensive portfolio of products and services, including Tokenisation, Mobile Wallets, Push Provisioning, Digital Cards, and Mea Token Control. 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.
Secures digital payments by replacing card details with tokens.
Enables branded mobile wallets for user-friendly transactions.
Facilitates easy addition of cards to digital wallets.
Supports digital-first strategies for card issuance.
Enhances user experience with token management features.
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Funding Insights of MeaWallet
MeaWallet has successfully raised a total of $5.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in April 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 2
- Last Round Seed — $3.0M
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First Round
First Round
(01 Jun 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - MeaWallet | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - MeaWallet | 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 |
Investors in MeaWallet
MeaWallet has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Teya, Seamless Distribution Systems and Idékapital. 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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Venture capital funding is provided to Norwegian tech companies.
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Founded Year | Domain | Location | |
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Teya is focused on providing payment solutions for small businesses.
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Founded Year | Domain | Location | |
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Mobile payment processing services are offered to operators and consumers.
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Founded Year | Domain | Location |
| Investor | Description | 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 MeaWallet
MeaWallet has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BankLaunch. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based core banking platform for banks & financial institutions
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MeaWallet
| 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 |
Meawallet Comparisons
Competitors of MeaWallet
MeaWallet 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 Comviva, Zoop, Yoyo Wallet, Ondot Systems and Ansa, 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 |
Software platforms for telecommunications, digital payments, and experiences are provided.
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| domain | founded_year | HQ Location |
White-label payment solutions are provided for branded transaction processing.
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| domain | founded_year | HQ Location |
Rewards-based coalition loyalty platform
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| domain | founded_year | HQ Location |
Card-linked marketing solutions are offered to banks and financial institutions.
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| domain | founded_year | HQ Location |
White-label closed-loop payment systems are provided for businesses.
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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 Meawallet
Frequently Asked Questions about MeaWallet
When was MeaWallet founded?
MeaWallet was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is MeaWallet located?
MeaWallet is headquartered in Sandvika, Norway.
Is MeaWallet a funded company?
MeaWallet is a funded company, having raised a total of $5.2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.2M, raised on Jun 01, 2015.
How many employees does MeaWallet have?
As of Dec 31, 2019, the latest employee count at MeaWallet is 12.
What is the annual revenue of MeaWallet?
Annual revenue of MeaWallet is $3.73M as on Dec 31, 2021.
What does MeaWallet do?
MeaWallet was founded in 2013 in Sandvika, Norway, within the fintech sector focused on mobile payments. White-label solutions are offered to support NFC, Bluetooth LE, host card emulation, QR codes, and other methods. Merchants are enabled to develop customizable mobile wallets for their customers, including integration via MeaESB for ecosystem connectivity and MeaSafePay for multi-merchant transactions. Credit and debit card schemes, loyalty programs, and payment gateway linkages are accommodated.
Who are the top competitors of MeaWallet?
MeaWallet's top competitors include Comviva, Zoop and Yoyo Wallet.
What products or services does MeaWallet offer?
MeaWallet offers Tokenisation, Mobile Wallets, Push Provisioning, Digital Cards, and Mea Token Control.
How many acquisitions has MeaWallet made?
MeaWallet has made 1 acquisition, including BankLaunch.
Who are MeaWallet's investors?
MeaWallet has 3 investors. Key investors include Teya, Seamless Distribution Systems, and Idékapital.
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