About Octopus
Octopus is a company based in Hong Kong (China) founded in 1997. It operates as a FinTech. Octopus offers products and services including Octopus Card, Octopus Wallet, and Octopus Mastercard. Octopus operates in a competitive market with competitors including JiPay, Ya Cool, Visa Platinum Gold, Open Desk Technology and Shellpayload, among others.
- Headquarter Hong Kong, China
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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
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Net Profit
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Latest Funding Round
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Products & Services of Octopus
Octopus offers a comprehensive portfolio of products and services, including Octopus Card, Octopus Wallet, and Octopus Mastercard. 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.
Smart card used for payments in Hong Kong.
Digital wallet for online and mobile payments.
Credit card for secure online shopping transactions.
Funding Insights of Octopus
| 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 Octopus
| 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 - Octopus
| 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 |
Octopus Comparisons
Competitors of Octopus
Octopus 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 JiPay, Ya Cool, Visa Platinum Gold, Open Desk Technology and Shellpayload, 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 |
Financial app offering strategies for money management and income growth.
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| domain | founded_year | HQ Location |
Prepaid card issuance and acceptance are facilitated for digital payments.
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| domain | founded_year | HQ Location |
Offers prepaid Visa cards for users in the Middle East region.
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| domain | founded_year | HQ Location |
Offers a multi-purpose prepaid card for individual users.
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| domain | founded_year | HQ Location |
Provides reloadable debit cards for convenient and flexible financial management.
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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 Octopus
Frequently Asked Questions about Octopus
When was Octopus founded?
Octopus was founded in 1997.
Where is Octopus located?
Octopus is headquartered in Hong Kong, China.
Who is the current CEO of Octopus?
Sunny Cheung Yiu-tong is the current CEO of Octopus.
What does Octopus do?
Octopus is established as a prominent provider of contactless payment solutions in Hong Kong. Services are offered across various sectors including public transportation, retail, and online shopping. Smart cards, digital wallets, and co-branded credit cards are provided to facilitate seamless transactions for personal customers. Security measures are implemented to protect users from fraud, with official apps and communication channels maintained for user support.
Who are the top competitors of Octopus?
Octopus's top competitors include Ya Cool, JiPay and Visa Platinum Gold.
What products or services does Octopus offer?
Octopus offers Octopus Card, Octopus Wallet, and Octopus Mastercard.
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