About Passworks
Passworks is a company based in Lisbon (Portugal) founded in 2014 was acquired by Fobi in January 2022.. Passworks has raised $1 million across 1 funding round from investors including Fobi Ai, unknown and Faber. Passworks offers products and services including Mobile Wallet Platform, Beacon Technology, and Analytics Dashboard. Passworks operates in a competitive market with competitors including Localytics, Pathmatics, Vibes, Famous and Mavin, among others.
- Headquarter Lisbon, Portugal
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Sectors
RetailTechnology
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Phone
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Website
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Social
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Products & Services of Passworks
Passworks offers a comprehensive portfolio of products and services, including Mobile Wallet Platform, Beacon Technology, and Analytics Dashboard. 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.
Platform for creating and managing mobile passes for engagement.
Tool for triggering in-store notifications via beacons.
System for tracking campaign performance in real-time.
Funding Insights of Passworks
Passworks has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in May 2014. 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 1
- Last Round Seed — $1.0M
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First Round
First Round
(13 May 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2014 | Amount | Seed - Passworks | Valuation | unknown , Faber |
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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 Passworks
Passworks has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Fobi Ai, unknown and Faber. 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 firm investing in early-stage tech companies
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Founded Year | Domain | Location | |
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Customer engagement solutions are delivered via a cloud-based AI platform.
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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 Passworks
| 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 - Passworks
| 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 |
Passworks Comparisons
Competitors of Passworks
Passworks 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 Localytics, Pathmatics, Vibes, Famous and Mavin, 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 |
Mobile App User Analytics & Marketing
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| domain | founded_year | HQ Location |
Digital advertising intelligence is supplied to global industry stakeholders.
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| domain | founded_year | HQ Location |
Mobile marketing solutions are provided for business customer engagement.
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| domain | founded_year | HQ Location |
Mobile marketing solutions are provided for branded app creation.
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| domain | founded_year | HQ Location |
Customer engagement and free mobile data solutions for businesses
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| domain | founded_year | HQ Location |
Mobile marketing platform for FMCG advertisers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Passworks
Frequently Asked Questions about Passworks
When was Passworks founded?
Passworks was founded in 2014.
Where is Passworks located?
Passworks is headquartered in Lisbon, Portugal.
Is Passworks a funded company?
Passworks is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on May 13, 2014.
What does Passworks do?
Founded in 2014 in Lisbon, Portugal, Passworks operates in the mobile marketing sector for brands and retailers. An integrated SaaS or API solution is provided to manage campaigns, including the design of dynamic passes such as coupons, loyalty cards, and tickets. Location-based notifications are defined, profiles are targeted, and passes are distributed to devices via Apple Passbook, Google Wallet, Windows Phone Wallet, and other apps.
Who are the top competitors of Passworks?
Passworks's top competitors include Vibes, Pathmatics and Localytics.
What products or services does Passworks offer?
Passworks offers Mobile Wallet Platform, Beacon Technology, and Analytics Dashboard.
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