About PDAX
PDAX is a company based in Makati (Philippines) founded in 2017 by Nichel Gaba.. PDAX has raised $62.5 million across 4 funding rounds from investors including Ripple, BitMEX and OSL Group. PDAX operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and Bit2Me, among others.
- Headquarter Makati, Philippines
- Founders Nichel Gaba
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$62.5 M (USD)
in 4 rounds
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Latest Funding Round
$50 M (USD), Series B
Feb 10, 2022
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Investors
Ripple
& 13 more
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Employee Count
Employee Count
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Funding Insights of PDAX
PDAX has successfully raised a total of $62.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in February 2022. 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 4
- Last Round Series B — $50.0M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - PDAX | Valuation | Tiger Global Management | |
| Aug, 2021 | Amount | Series A - PDAX | Valuation | BC Group , Beenext |
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| Jun, 2019 | Amount | Seed - PDAX | Valuation | BitMEX |
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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 PDAX
PDAX has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Ripple, BitMEX and OSL Group. 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 and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Kingsway Capital is engaged in providing investment management services.
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Founded Year | Domain | Location | |
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Venture capital and funds of fund firm focused on multiple sectors
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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 PDAX
| 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 - PDAX
| 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 |
Pdax Comparisons
Competitors of PDAX
PDAX 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 Gemini, FTX, Blockchain, Bitstamp and Bit2Me, 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 |
Platform offering crypto exchange solutions
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| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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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 Pdax
Frequently Asked Questions about PDAX
When was PDAX founded?
PDAX was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is PDAX located?
PDAX is headquartered in Makati, Philippines. It is registered at Makati, National Capital Region, Philippines.
Who is the current CEO of PDAX?
Nichel Gaba is the current CEO of PDAX. They have also founded this company.
Is PDAX a funded company?
PDAX is a funded company, having raised a total of $62.5M across 4 funding rounds to date.
What does PDAX do?
PDAX was established in 2017 in Makati, Philippines, as an online exchange platform in the cryptocurrency sector. Users are enabled to buy, sell, and manage cryptocurrencies and utility tokens through its services. Supported assets include Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Operations are focused on secure digital asset trading within the Philippine market.
Who are the top competitors of PDAX?
PDAX's top competitors include Blockchain, Gemini and FTX.
Who are PDAX's investors?
PDAX has 14 investors. Key investors include Ripple, BitMEX, OSL Group, Tiger Global, and Kingsway Capital.
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