About PocketPK
PocketPK is a company based in Lahore (Pakistan) founded in 2020 by Ace Tsui.. PocketPK has raised $4 million across 3 funding rounds from investors including MEXC Global, Gate.io and Advanced Blockchain. PocketPK operates in a competitive market with competitors including Airfox, Liquity, Meow, Scallop and hoseki, among others.
- Headquarter Lahore, Pakistan
- Founders Ace Tsui
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 3 rounds
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Latest Funding Round
$16.15 M (USD), Token Sale
Nov 19, 2021
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Investors
MEXC Global
& 9 more
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Employee Count
Employee Count
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Funding Insights of PocketPK
PocketPK has successfully raised a total of $4M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $16.15 million completed in November 2021. 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 3
- Last Round Token Sale — $16.1M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Token Sale - PocketPK | Valuation |
investors |
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| Aug, 2021 | Amount | Series A - PocketPK | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - PocketPK | 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 |
Investors in PocketPK
PocketPK has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include MEXC Global, Gate.io and Advanced Blockchain. 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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Investments are made in life sciences firms across all stages.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward blockchain startups by Lemniscap.
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Founded Year | Domain | Location | |
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Investments are directed toward decentralized finance technology startups.
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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 PocketPK
| 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.
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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 - PocketPK
| 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 |
Pocketpk Comparisons
Competitors of PocketPK
PocketPK 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 Airfox, Liquity, Meow, Scallop and hoseki, 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 |
Blockchain-based mobile wallet for recharges and loans is offered.
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| domain | founded_year | HQ Location |
Decentralized interest-free loans against Ether are offered in stablecoins.
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| domain | founded_year | HQ Location |
High-interest business banking services are provided to companies.
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| domain | founded_year | HQ Location |
DeFi protocol for lending and borrowing on the Sui blockchain
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| domain | founded_year | HQ Location |
Online crypto-focused lending platform for individuals
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| domain | founded_year | HQ Location |
A decentralized protocol for cryptocurrency lending and borrowing is operated.
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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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Frequently Asked Questions about PocketPK
When was PocketPK founded?
PocketPK was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is PocketPK located?
PocketPK is headquartered in Lahore, Pakistan. It is registered at Lahore, Punjab, Pakistan.
Is PocketPK a funded company?
PocketPK is a funded company, having raised a total of $4M across 3 funding rounds to date.
What does PocketPK do?
PocketPK was founded in 2020 in Lahore, Pakistan, as a decentralized lending protocol within the cryptocurrency sector. Lending mechanisms are offered with minimal liquidation penalties to support borrowers. Yield farming innovations are integrated, including cross-margin leveraged products for enhanced returns. Operations are conducted via the domain apricot.one, with Ace Tsui serving as co-founder. The protocol focuses on secure, protocol-based financial services in the DeFi space.
Who are the top competitors of PocketPK?
Who are PocketPK's investors?
PocketPK has 10 investors. Key investors include MEXC Global, Gate.io, Advanced Blockchain, Delphi Ventures, and Lemniscap.
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