About MultiPass
MultiPass is a company based in London (United Kingdom) founded in 2017 by Dmitry Tsymber.. MultiPass has raised $7.21 million across 12 funding rounds. MultiPass operates in a competitive market with competitors including BookMyForex, Travel Wallet, LMAX Exchange, Finseta and WSFx Global Pay, among others.
- Headquarter London, United Kingdom
- Founders Dmitry Tsymber
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Multipass Platforms Limited
- Date of Incorporation 29 Jun, 2017
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$5.8 M (USD)165as on Dec 31, 2022
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Net Profit
$-2.19 M (USD)-57as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$7.21 M (USD)
in 12 rounds
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Latest Funding Round
$380.63 K (USD), Series C
Jul 04, 2023
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Investors
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Employee Count
Employee Count
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Funding Insights of MultiPass
MultiPass has successfully raised a total of $7.21M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $380.63 thousand completed in July 2023. 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 12
- Last Round Series C — $380,625
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First Round
First Round
(09 Aug 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series C - MultiPass | Valuation |
investors |
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| Dec, 2022 | Amount | Series C - MultiPass | Valuation |
investors |
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| Feb, 2022 | Amount | Series B - MultiPass | 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 MultiPass
| 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 - MultiPass
| 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 |
Multipass Comparisons
Competitors of MultiPass
MultiPass 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 BookMyForex, Travel Wallet, LMAX Exchange, Finseta and WSFx Global Pay, 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 |
Online foreign exchange and remittance services are facilitated in India.
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| domain | founded_year | HQ Location |
Mobile platform for Asian currency exchange and payments is offered.
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| domain | founded_year | HQ Location |
Forex trading services are provided via an electronic exchange platform.
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| domain | founded_year | HQ Location |
Multi-currency accounts and international payment solutions are offered by Finseta.
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| domain | founded_year | HQ Location |
Foreign currency exchange and remittance services are offered online.
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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 Multipass
Frequently Asked Questions about MultiPass
When was MultiPass founded?
MultiPass was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is MultiPass located?
MultiPass is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is MultiPass a funded company?
MultiPass is a funded company, having raised a total of $7.21M across 12 funding rounds to date. The company's 1st funding round was a Series B of $213.25K, raised on Aug 09, 2018.
What is the annual revenue of MultiPass?
Annual revenue of MultiPass is $5.8M as on Dec 31, 2022.
What does MultiPass do?
Cross-border payment solution for businesses. It offers multi-functional and multi-channel bank payments for mid-corps around the world. It offers features such as traditional banking, open API for batch payments, virtual and physical payment cards, and more.
Who are the top competitors of MultiPass?
MultiPass's top competitors include BookMyForex, Travel Wallet and LMAX Exchange.
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