About Travel Wallet
Travel Wallet is a company based in Seoul (South Korea) founded in 2018.. Travel Wallet has raised $31.33 million across 6 funding rounds from investors including Lightspeed Venture Partners, B&K Securities and SK Securities. Travel Wallet offers products and services including Travel Wallet App, Prepaid Card, and Social Payment Feature. Travel Wallet operates in a competitive market with competitors including Orange Square and Timonet, among others.
- Headquarter Seoul, South Korea
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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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- Legal Name Travel Wallet Co., Ltd.
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31.33 M (USD)
in 6 rounds
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Latest Funding Round
$10 M (USD), Series C
Jun 20, 2024
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Investors
Lightspeed Venture Partners
& 12 more
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Employee Count
Employee Count
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Products & Services of Travel Wallet
Travel Wallet offers a comprehensive portfolio of products and services, including Travel Wallet App, Prepaid Card, and Social Payment Feature. 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.
App for charging and managing multiple currencies for travel payments.
Card for contactless international transactions and ATM withdrawals.
Tool for easy group settlements and currency sharing among users.
Funding Insights of Travel Wallet
Travel Wallet has successfully raised a total of $31.33M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in June 2024. 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 6
- Last Round Series C — $10.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series C - Travel Wallet | Valuation |
investors |
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| Apr, 2023 | Amount | Series C - Travel Wallet | Valuation | Atinum Investment |
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| Mar, 2023 | Amount | Series C - Travel Wallet | Valuation | SK Securities , Smile Gate Investment |
| 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 Travel Wallet
Travel Wallet has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, B&K Securities and SK Securities. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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VC firm investing in geographies such as South Korea
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Founded Year | Domain | Location | |
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Private equity investment firm focused on buyouts
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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 Travel Wallet
| 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 - Travel Wallet
| 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 |
Travel Wallet Comparisons
Competitors of Travel Wallet
Travel Wallet 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 Orange Square and Timonet, 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 |
Kiosk-based foreign currency exchange and prepaid card services are offered.
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| domain | founded_year | HQ Location |
Offers mobile payment solutions, traffic card apps, and immersive art experiences.
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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 Travel Wallet
Frequently Asked Questions about Travel Wallet
When was Travel Wallet founded?
Travel Wallet was founded in 2018.
Where is Travel Wallet located?
Travel Wallet is headquartered in Seoul, South Korea.
Is Travel Wallet a funded company?
Travel Wallet is a funded company, having raised a total of $31.33M across 6 funding rounds to date. The company's 1st funding round was a Series C of $15.07M, raised on Aug 01, 2018.
What does Travel Wallet do?
Travel Wallet was founded in 2018 in Seoul, South Korea, as a mobile-based platform in the fintech sector. Foreign currency solutions are provided, including exchange, payments, and transfers focused on Asian currencies like the Thai baht and Vietnamese dong. Charges are applied to a prepaid card, with real-time exchange rates and fluctuation graphs accessible. The Android app supports these operations for users managing international transactions.
Who are the top competitors of Travel Wallet?
Travel Wallet's top competitors include Orange Square and Timonet.
What products or services does Travel Wallet offer?
Travel Wallet offers Travel Wallet App, Prepaid Card, and Social Payment Feature.
Who are Travel Wallet's investors?
Travel Wallet has 13 investors. Key investors include Lightspeed Venture Partners, B&K Securities, SK Securities, Atinum Investment, and Smile Gate Investment.