About Sparrow Exchange
Sparrow Exchange is a company based in Singapore (Singapore) founded in 2018 was acquired by Amber Group in November 2022.. Sparrow Exchange has raised $13.59 million across 4 funding rounds from investors including Amber Group, HDR and Gain Loyal. Sparrow Exchange offers products and services including Trading Platform, Structured Products, White-Labeled Products, and DPT Services. Sparrow Exchange operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Singapore, Singapore
- Stage Minicorn
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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
$473.08 K327as on Dec 31, 2020
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Net Profit
$-1.45 M-95as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$13.59 M (USD)
in 4 rounds
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Latest Funding Round
$4.4 M (USD), Series A
Nov 12, 2021
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Investors
Amber Group
& 5 more
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Employee Count
Employee Count
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Acquired by
Amber Group
(Nov 29, 2022)
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Products & Services of Sparrow Exchange
Sparrow Exchange offers a comprehensive portfolio of products and services, including Trading Platform, Structured Products, White-Labeled Products, and DPT Services. 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.
Platform for secure digital asset trading and services.
Innovative digital asset solutions for institutional clients.
Tailored digital asset services for partners and clients.
Licensed services for digital payment tokens in Singapore.
Funding Insights of Sparrow Exchange
Sparrow Exchange has successfully raised a total of $13.59M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.4 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 4
- Last Round Series A — $4.4M
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First Round
First Round
(01 Jun 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - Sparrow Exchange | Valuation | Gain Loyal |
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| Jun, 2020 | Amount | Series A - Sparrow Exchange | Valuation | HDR | |
| Jun, 2018 | Amount | Seed - Sparrow Exchange | 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 Sparrow Exchange
Sparrow Exchange has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Amber Group, HDR and Gain Loyal. 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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Blockchain startups are funded through venture capital investments.
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Founded Year | Domain | Location | |
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Cryptocurrency and tech-related companies are invested in by Du Capital.
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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 Sparrow Exchange
| 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 - Sparrow Exchange
| 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 |
Sparrow Exchange Comparisons
Competitors of Sparrow Exchange
Sparrow Exchange 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 Gemini, FTX, Blockchain, Bitstamp and PDAX, 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 |
Platform offering crypto exchange solutions
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| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto 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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Latest news on Sparrow Exchange
Frequently Asked Questions about Sparrow Exchange
When was Sparrow Exchange founded?
Sparrow Exchange was founded in 2018.
Where is Sparrow Exchange located?
Sparrow Exchange is headquartered in Singapore, Singapore.
Is Sparrow Exchange a funded company?
Sparrow Exchange is a funded company, having raised a total of $13.59M across 4 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Jun 01, 2018.
What is the annual revenue of Sparrow Exchange?
Annual revenue of Sparrow Exchange is $473.08K as on Dec 31, 2020.
What does Sparrow Exchange do?
Sparrow Exchange was founded in 2018 in Singapore. An online platform is operated for cryptocurrency trading, where buying, selling, and exchanging are enabled for users. Peer-to-peer (P2P) trading is supported, along with customizable strategies and risk compliance tools tailored for corporates, traders, and investors in the cryptocurrency sector. Operations are based in Singapore, focusing on secure digital asset exchanges.
Who are the top competitors of Sparrow Exchange?
Sparrow Exchange's top competitors include Blockchain, Gemini and FTX.
What products or services does Sparrow Exchange offer?
Sparrow Exchange offers Trading Platform, Structured Products, White-Labeled Products, and DPT Services.
Who are Sparrow Exchange's investors?
Sparrow Exchange has 6 investors. Key investors include Amber Group, HDR, Gain Loyal, Signum Capital, and Du Capital.
What is Sparrow Exchange's valuation?
The valuation of Sparrow Exchange is $26.98M as of Nov 2021.