About Transact24
Transact24 is a company based in Hong Kong (China) founded in 2006 was acquired by NET1 in January 2016.. Transact24 operates in a competitive market with competitors including Airwallex, Fisherman Kaka Information Technology, PearlPay, Shanghai Yinshang Information and Cashyper, among others.
- Headquarter Hong Kong, China
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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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Funding Insights of Transact24
| 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 Transact24
Transact24 has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Net1. 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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Payment processing solutions are offered for businesses in developing economies.
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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 Transact24
| 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 - Transact24
| 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 |
Transact24 Comparisons
Competitors of Transact24
Transact24 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 Airwallex, Fisherman Kaka Information Technology, PearlPay, Shanghai Yinshang Information and Cashyper, 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 |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
White-label prepaid cards
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| domain | founded_year | HQ Location |
Software solutions for the banking industry
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| domain | founded_year | HQ Location |
Reloadable prepaid cards and lifecycle management are provided for merchants.
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| domain | founded_year | HQ Location |
Manufacturer of white-label prepaid cards for businesses.
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| domain | founded_year | HQ Location |
Provides comprehensive white-label prepaid card solutions for 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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Frequently Asked Questions about Transact24
When was Transact24 founded?
Transact24 was founded in 2006.
Where is Transact24 located?
Transact24 is headquartered in Hong Kong, China.
What does Transact24 do?
Transact 24 provides payment and card processing services for businesses. Its services include ACH Payment Processing, Alipay Gateway solution, Card Payment Processing, China UnionPay Processing, White Label Platform for Prepaid Cards (including T24 Black card, T24 Pay Vault, T24 Black Shield and T24 China UnionPay), Travel insurance and virtual prepaid cards. It offers prepaid cards with multi-currency payment system.
Who are the top competitors of Transact24?
Transact24's top competitors include Airwallex, Fisherman Kaka Information Technology and PearlPay.
Who are Transact24's investors?
Transact24 has 1 investor. Key investors include Net1.