About SecondSwap
SecondSwap is a company based in Singapore (Singapore) founded in 2024 by Kanny L.. SecondSwap has raised $1.2 million across 1 funding round from investors including Nonco, Animoca Ventures and ARC Community. SecondSwap offers products and services including SecondSwap Platform and Token Listing Service. SecondSwap operates in a competitive market with competitors including Ravencoin, Liquid Network, Fraction 0x, SustainAble Exchange and Vaultex, among others.
- Headquarter Singapore, Singapore
- Founders Kanny L
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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
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Dec 02, 2024
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Investors
Nonco
& 8 more
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Employee Count
Employee Count
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Products & Services of SecondSwap
SecondSwap offers a comprehensive portfolio of products and services, including SecondSwap Platform and Token Listing Service. 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.
Enables trading of locked tokens for enhanced liquidity and revenue generation.
Facilitates easy onboarding and listing of tokens for projects and users.
Funding Insights of SecondSwap
SecondSwap has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in December 2024. 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 — $1.2M
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First Round
First Round
(02 Dec 2024)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - SecondSwap | 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 SecondSwap
SecondSwap has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Nonco, Animoca Ventures and ARC Community. 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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Libra Group is engaged in diversified global business operations across multiple sectors.
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Early-stage investments in Web3 and blockchain companies are provided.
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Founded Year | Domain | Location | |
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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 SecondSwap
| 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 - SecondSwap
| 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 |
Secondswap Comparisons
Competitors of SecondSwap
SecondSwap 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 Ravencoin, Liquid Network, Fraction 0x, SustainAble Exchange and Vaultex, 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 |
Decentralized peer-to-peer network for asset creation and transfers is operated.
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| domain | founded_year | HQ Location |
Federated blockchain for private Bitcoin transactions and asset management.
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| domain | founded_year | HQ Location |
Offers blockchain-based solutions for efficient business and operations management.
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| domain | founded_year | HQ Location |
Cloud-based token exchange platform
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| domain | founded_year | HQ Location |
Online marketplace for tokenized asset and security token 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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Frequently Asked Questions about SecondSwap
When was SecondSwap founded?
SecondSwap was founded in 2024.
Where is SecondSwap located?
SecondSwap is headquartered in Singapore, Singapore.
Is SecondSwap a funded company?
SecondSwap is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Dec 02, 2024.
What does SecondSwap do?
SecondSwap was founded in 2024 in Singapore as a decentralized marketplace focused on blockchain-based trading of locked tokens. Liquidity and price discovery are provided for illiquid assets, alongside mechanisms for ownership transfer to new holders. Operations center on enabling secure exchanges in the cryptocurrency sector, with services extending to global users via its online platform.
Who are the top competitors of SecondSwap?
SecondSwap's top competitors include SustainAble Exchange, Vaultex and Ravencoin.
What products or services does SecondSwap offer?
SecondSwap offers SecondSwap Platform and Token Listing Service.
Who are SecondSwap's investors?
SecondSwap has 9 investors. Key investors include Nonco, Animoca Ventures, ARC Community, E4Capital, and Yellow Capital.