About Sandbank
Sandbank is a company based in Seoul (South Korea) founded in 2020.. Sandbank has raised $2 million across 1 funding round from investors including KICA and Strong Ventures. Sandbank operates in a competitive market with competitors including Hodlnaut, Flint, Brighty, Hightop and Castle Finance, among others.
- Headquarter Seoul, South Korea
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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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EBITDA
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Jun 02, 2022
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Investors
KICA
& 1 more
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Employee Count
Employee Count
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Funding Insights of Sandbank
Sandbank has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in June 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 1
- Last Round Seed — $2.0M
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First Round
First Round
(02 Jun 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Sandbank | 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 Sandbank
Sandbank has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include KICA and Strong Ventures. 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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Founded Year | Domain | Location | |
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IT service suite solutions and training services are provided.
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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 Sandbank
| 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.
|
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.
|
2016 |
Financial Statements - Sandbank
| 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 |
Sandbank Comparisons
Competitors of Sandbank
Sandbank 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 Hodlnaut, Flint, Brighty, Hightop and Castle Finance, 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 |
Cryptocurrency investment platform
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| domain | founded_year | HQ Location |
Healthcare jobs with Green Card sponsorship are facilitated by Flint.
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| domain | founded_year | HQ Location |
Digital banking and cryptocurrency services are provided to users.
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| domain | founded_year | HQ Location |
Digital banking with crypto integration and DeFi features is provided.
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| domain | founded_year | HQ Location |
Crypto savings solutions are provided via an online DeFi platform.
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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 Sandbank
When was Sandbank founded?
Sandbank was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Sandbank located?
Sandbank is headquartered in Seoul, South Korea.
Is Sandbank a funded company?
Sandbank is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Jun 02, 2022.
What does Sandbank do?
Sandbank was established in 2020 in Seoul, South Korea, within the fintech sector focused on cryptocurrency. Deposit solutions leveraging blockchain technology are offered to facilitate secure storage and transactions. Operations are centered on integrating crypto assets with traditional banking features, serving users primarily in the Asia-Pacific region. The companys domain, sandbank.io, supports these digital financial services.
Who are the top competitors of Sandbank?
Sandbank's top competitors include Brighty, Hodlnaut and Castle Finance.
Who are Sandbank's investors?
Sandbank has 2 investors. Key investors include KICA, and Strong Ventures.