About Torum
Torum is a company based in Bangsar (Malaysia) founded in 2018 by Yi Feng Go and Jayson Tan.. Torum has raised $1.45 million across 4 funding rounds from investors including KuCoin, IDC and Hotbit. Torum operates in a competitive market with competitors including Kikitrade, FlipItMoney, Vibra, Crypso and Alpha Impact, among others.
- Headquarter Bangsar, Malaysia
- Founders Yi Feng Go, Jayson Tan
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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
$1.45 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
KuCoin
& 10 more
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Employee Count
Employee Count
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Funding Insights of Torum
Torum has successfully raised a total of $1.45M across 4 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 4
- Last Round Last Round
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First Round
First Round
(20 Apr 2021)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Torum | Valuation | KuCoin |
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| Sep, 2021 | Amount | Token Sale - Torum | Valuation |
investors |
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| Aug, 2021 | Amount | Seed - Torum | 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 Torum
Torum has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include KuCoin, IDC and Hotbit. 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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Blockchain sectors are targeted for investments by AU21 Capital.
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Founded Year | Domain | Location | |
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Infrastructure funds are managed with focus on impact investments.
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Founded Year | Domain | Location | |
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Blockchain startups are incubated and invested in by Consensus Lab.
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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 Torum
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - Torum
| 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 |
Torum Comparisons
Competitors of Torum
Torum 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 Kikitrade, FlipItMoney, Vibra, Crypso and Alpha Impact, 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 |
Social trading of cryptocurrencies is enabled through a community platform.
|
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| domain | founded_year | HQ Location |
App-based stock market trading and analytics platform for individuals
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| domain | founded_year | HQ Location |
Cryptocurrencies are traded and stored via an app-based platform.
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| domain | founded_year | HQ Location |
Online crypto-focused social trading platform
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| domain | founded_year | HQ Location |
Develops innovative software solutions for trading management.
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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 Torum
Frequently Asked Questions about Torum
When was Torum founded?
Torum was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Torum located?
Torum is headquartered in Bangsar, Malaysia. It is registered at Bangsar, Kuala Lumpur, Malaysia.
Who is the current CEO of Torum?
Yi Feng Go is the current CEO of Torum. They have also founded this company.
Is Torum a funded company?
Torum is a funded company, having raised a total of $1.45M across 4 funding rounds to date.
What does Torum do?
Torum was founded in 2018 in Bangsare, Malaysia, as a social media platform focused on the cryptocurrency sector. Users are connected to build communities around shared interests in blockchain and crypto projects. Features include listings for project updates, gamification elements to earn rewards and foster interactions, and themed engagement tools like gifts and emotes. An accompanying app delivers news, trends, and related content to the user base.
Who are the top competitors of Torum?
Torum's top competitors include Vibra, FlipItMoney and Kikitrade.
Who are Torum's investors?
Torum has 11 investors. Key investors include KuCoin, IDC, Hotbit, Huobi, and AU21 Capital.