About Myriad Group
Myriad Group is a company based in Zurich (Switzerland) founded in 1999.. Myriad Group has raised $2.08 million across 2 funding rounds from investors including BV Partners and Quilvest Private Equity. Myriad Group has completed 3 acquisitions, including Purple Labs, Synchronica and Xumii. Myriad Group offers products and services including Mobile Banking APP and KYC Offline.
- Headquarter Zurich, Switzerland
- Stage Public
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Phone
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Website
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Social
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- Legal Name Myriad Fintech
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.08 M (USD)
in 2 rounds
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Latest Funding Round
$2.08 M (USD), Unspecified
Jun 01, 2004
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Investors
BV Partners
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Purple Labs
& 2 more
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Products & Services of Myriad Group
Myriad Group offers a comprehensive portfolio of products and services, including Mobile Banking APP and KYC Offline. 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.
An integrated application is provided that incorporates APIs for payments and other features to facilitate digital banking services.
Offline onboarding and identity verification are supported through real-time data transfer technologies that address connectivity challenges.
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Funding Insights of Myriad Group
Myriad Group has successfully raised a total of $2.08M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $2.08 million completed in June 2004. 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 Unspecified — $2.1M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2004 | Amount | Unspecified - Myriad Group | Valuation |
investors |
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| Oct, 2003 | Amount | Unspecified - Myriad Group | Valuation |
investors |
| 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 Myriad Group
Myriad Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include BV Partners and Quilvest Private Equity. 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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Equity financing is offered by BV Partners for businesses.
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Founded Year | Domain | Location | |
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PE firm backed by quilvest group
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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 Myriad Group
Myriad Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Purple Labs, Synchronica and Xumii. 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
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile social address book and network for phones is provided.
|
2006 | ||||
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Limited information available
|
2004 | ||||
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Mobile Linux software solutions are developed and provided globally.
|
2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Myriad Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Myriad Group Comparisons
Competitors of Myriad Group
| 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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Frequently Asked Questions about Myriad Group
When was Myriad Group founded?
Myriad Group was founded in 1999 and raised its 1st funding round 4 years after it was founded.
Where is Myriad Group located?
Myriad Group is headquartered in Zurich, Switzerland.
Is Myriad Group a funded company?
Myriad Group is a funded company, having raised a total of $2.08M across 2 funding rounds to date.
What does Myriad Group do?
Myriad Group (through its divisions) provides OTT, mobile messaging, and embedded software to the OEMs, mobile operators, and TV providers. ItsI solutions include Connect (USSD solution for MNOs to monetize their VAS), Versynbsp;(social platform for content discovery), and device solutions (Java and Android application runtime software). It was formed after the merger ofnbsp;Purple Labsnbsp;andnbsp;Esmertecnbsp;in 2009.nbsp;Sofinnova Partners, Earlybird Venture Capital and Partners Group sold their stakes in Purple Labs during the transaction.
What products or services does Myriad Group offer?
Myriad Group offers Mobile Banking APP and KYC Offline.
How many acquisitions has Myriad Group made?
Myriad Group has made 3 acquisitions, including Purple Labs, Synchronica, and Xumii.
Who are Myriad Group's investors?
Myriad Group has 2 investors. Key investors include BV Partners, and Quilvest Private Equity.