About Thank U Cash
Thank U Cash is a company based in Lagos (Nigeria) founded in 2018 by Simeon Ononobi, Harshal Gandole, Madonna Ononobi, and Suraj Supekar. It operates as a B2C. Thank U Cash has raised $5.95 million across 5 funding rounds from investors including Microtraction, Global Accelerex and Betatron Venture Group. Thank U Cash operates in a competitive market with competitors including Paytm, MoneyGram, OPay, Xend Finance and CarePay, among others.
- Headquarter Lagos, Nigeria
- Founders Simeon Ononobi, Harshal Gandole, Madonna Ononobi, Suraj Supekar
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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
$5.95 M (USD)
in 5 rounds
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Latest Funding Round
$5.3 M (USD), Seed
Jan 10, 2022
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Investors
Microtraction
& 12 more
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Employee Count
Employee Count
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Funding Insights of Thank U Cash
Thank U Cash has successfully raised a total of $5.95M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $5.3 million completed in January 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 5
- Last Round Seed — $5.3M
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First Round
First Round
(23 Aug 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Thank U Cash | Valuation | Betatron Venture Group , 500 Global | |
| Aug, 2020 | Amount | Seed - Thank U Cash | Valuation | Brandon Drew |
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| Oct, 2018 | Amount | Seed - Thank U Cash | Valuation | Ventures Platform |
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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 Thank U Cash
Thank U Cash has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Microtraction, Global Accelerex and Betatron Venture Group. 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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Sector-agnostic startup acceleration is provided by Betatron Venture Group.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided to tech startups.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital entity.
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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 Thank U Cash
| 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 - Thank U Cash
| 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 |
Thank U Cash Comparisons
Competitors of Thank U Cash
Thank U Cash 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 Paytm, MoneyGram, OPay, Xend Finance and CarePay, 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 |
Digital payments, financial services, and e-commerce platforms are provided.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Wallet-enabled payments are facilitated for consumers and businesses.
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| domain | founded_year | HQ Location |
DeFi savings are enabled for credit unions and cooperatives.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
An app-based digital wallet providing payment solutions for individuals and businesses.
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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 Thank U Cash
Frequently Asked Questions about Thank U Cash
When was Thank U Cash founded?
Thank U Cash was founded in 2018.
Where is Thank U Cash located?
Thank U Cash is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Thank U Cash?
Simeon Ononobi is the current CEO of Thank U Cash. They have also founded this company.
Is Thank U Cash a funded company?
Thank U Cash is a funded company, having raised a total of $5.95M across 5 funding rounds to date.
What does Thank U Cash do?
Thank U Cash reward-based digital wallet for secure consumer payments, focusing on finance, innovating financial technology, digital payments, and reward wallets. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Thank U Cash?
Who are Thank U Cash's investors?
Thank U Cash has 13 investors. Key investors include Microtraction, Global Accelerex, Betatron Venture Group, 500 Global, and Predictive Venture Partners.
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