About Spark Systems
Spark Systems is a company based in Singapore (Singapore) founded in 2016. It operates as a SaaS (Software-as-a-Service), and FinTech. Spark Systems has raised $25 million across 5 funding rounds from investors including Goldman Sachs, HSBC and Citi. Spark Systems offers products and services including Spark eFX Platform, Ultra-Low Latency Aggregator, and White Labeling Solution. Spark Systems operates in a competitive market with competitors including AZA Finance, Integral, StoneX, FDCTech and Curex Group, among others.
- Headquarter Singapore, Singapore
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Spark Systems Pte. Ltd
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Annual Revenue
$1.53 M (USD)17as on Dec 31, 2021
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Net Profit
$-6.73 M (USD)-112as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$25 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 9 more
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Employee Count
Employee Count
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Products & Services of Spark Systems
Spark Systems offers a comprehensive portfolio of products and services, including Spark eFX Platform, Ultra-Low Latency Aggregator, and White Labeling Solution. 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.
Ultra-low latency platform for FX trading access.
Aggregates liquidity pools for optimal FX execution.
Custom branding for client FX pricing solutions.
Funding Insights of Spark Systems
Spark Systems has successfully raised a total of $25M across 5 strategic funding rounds. 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 5
- Last Round Last Round
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - Spark Systems | Valuation | ATFX , HSBC |
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| May, 2020 | Amount | Series B - Spark Systems | Valuation | HSBC , OSK Ventures International Berhad | |
| Feb, 2017 | Amount | Series A - Spark Systems | Valuation | Integra Partners |
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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 Spark Systems
Spark Systems has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, HSBC and Citi. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Provider of a private equity company that focuses on supporting business-to-business
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Founded Year | Domain | Location | |
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Growth-stage venture capital is invested in Singapore and China.
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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 Spark Systems
| 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 - Spark Systems
| 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 |
Spark Systems Comparisons
Competitors of Spark Systems
Spark Systems 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 AZA Finance, Integral, StoneX, FDCTech and Curex Group, 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 |
Software for cross-border remittances and forex management is provided.
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| domain | founded_year | HQ Location |
Integral is recognized as a leading currency technology partner for financial organizations.
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| domain | founded_year | HQ Location |
Trade execution and clearing services for global assets are offered.
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| domain | founded_year | HQ Location |
Trade management solutions are provided for forex and cryptocurrency brokers.
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| domain | founded_year | HQ Location |
Foreign exchange solutions are delivered via analytics and brokerage services.
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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 Spark Systems
Frequently Asked Questions about Spark Systems
When was Spark Systems founded?
Spark Systems was founded in 2016.
Where is Spark Systems located?
Spark Systems is headquartered in Singapore, Singapore.
Is Spark Systems a funded company?
Spark Systems is a funded company, having raised a total of $25M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Sep 01, 2016.
What is the annual revenue of Spark Systems?
Annual revenue of Spark Systems is $1.53M as on Dec 31, 2021.
What does Spark Systems do?
Spark Systems is engaged in developing next-generation foreign exchange (FX) trading platforms characterized by ultra-low latency and cost efficiency. The company operates within the financial technology sector, offering solutions that rival Tier 1 FX banks through proprietary technology and robust architecture. Services provided include liquidity aggregation, risk management, and white labeling for customized client branding. Advanced tools for algorithmic trading, auto-hedging, and real-time analytics are integrated into the platform, catering primarily to banks, hedge funds, and financial institutions seeking efficient access to global FX liquidity.
Who are the top competitors of Spark Systems?
Spark Systems's top competitors include AZA Finance, Integral and StoneX.
What products or services does Spark Systems offer?
Spark Systems offers Spark eFX Platform, Ultra-Low Latency Aggregator, and White Labeling Solution.
Who are Spark Systems's investors?
Spark Systems has 10 investors. Key investors include Goldman Sachs, HSBC, Citi, OSK Ventures International Berhad, and ATFX.
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