About SOCASH
SOCASH is a company based in Singapore (Singapore) founded in 2016 by Kottopadath Payyakal Rekha and Salil Sankaran was acquired by NIUM in April 2022. SOCASH has raised $12.4 million across 6 funding rounds from investors including Grab, NIUM and T-Hub. The company has 6 employees as of April 07, 2024. SOCASH operates in a competitive market with competitors including Electronic Payment and Services, Sonect, Clip Money, NCR Atleos and SPARE, among others.
- Headquarter Singapore, Singapore
- Employees 6 as on 07 Apr, 2024
- Founders Kottopadath Payyakal Rekha, Salil Sankaran
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Sectors
Financial Services
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Email
Locked
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Phone
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Website
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Social
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- Legal Name Socash India Private Limited
- Date of Incorporation 06 Apr, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$509.76 K (USD)-43.12as on Mar 31, 2023
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Net Profit
$52.98 K (USD)-40.74as on Mar 31, 2023
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EBITDA
$31.23 K (USD)-84.22as on Mar 31, 2023
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Total Equity Funding
$12.4 M (USD)
in 6 rounds
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Latest Funding Round
$6 M (USD), Series B
Jul 22, 2019
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Investors
Grab
& 5 more
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Employee Count
6
as on Apr 07, 2024
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Acquired by
NIUM
(Apr 27, 2022)
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People of SOCASH
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Funding Insights of SOCASH
SOCASH has successfully raised a total of $12.4M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in July 2019. 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.
Investors in SOCASH
SOCASH has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Grab, NIUM and T-Hub.
| Investor | Description | Founded Year | Domain | Location |
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VC fund backed by Standard Chartered
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Venture capital fund focused on multiple sectors
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Innovation hub connecting startups, corporates, and partners in technology and ecosystem development.
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Locked | Locked | Locked |
Investor details for SOCASH
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Investments & Acquisitions by SOCASH
Investment portfolio details for SOCASH
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Financial Statements - SOCASH
Detailed financials for SOCASH
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Socash Comparisons
Peer comparison for SOCASH
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Competitors of SOCASH
SOCASH 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 Electronic Payment and Services, Sonect, Clip Money, NCR Atleos and SPARE, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of ATM outsourcing, digital payment, and platform solutions to banks
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Cash withdrawals are enabled at kiosks and shops via smartphones.
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Provider of alternative cash deposit solutions
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ATM management solutions are offered to financial institutions.
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| Locked | Locked | Locked |
Cash withdrawal solutions are enabled for consumers via virtual ATMs.
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Detailed competitors of SOCASH
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Latest news on Socash
Complete news archive for SOCASH
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Frequently Asked Questions about SOCASH
SOCASH was founded in 2016.
SOCASH is headquartered in Singapore, Singapore.
SOCASH is a funded company, having raised a total of $12.4M across 6 funding rounds to date.
As of Apr 07, 2024, the latest employee count at SOCASH is 6.
Annual revenue of SOCASH is $509.76K as on Mar 31, 2023.
SOCASH was established in 2016 in Singapore as a fintech platform. Cash access is provided via a mobile app, allowing users to choose withdrawal amounts and identify nearby collection points. Funds are retrieved at designated locations, with bank integrations via APIs facilitating digital transactions. The service operates on Android and iOS devices, targeting users in the region.
SOCASH's top competitors include Sonect, Electronic Payment and Services and NCR Atleos.
SOCASH has 6 investors. Key investors include Grab, NIUM, T-Hub, Vertex Ventures SG, and GLORY.