About TruePNL
TruePNL is a company based in Moscow (Russia) founded in 2020 by Ruslan A was acquired by Magic Square in February 2024.. TruePNL operates in a competitive market with competitors including 3Commas, INX, HTX, Mizar and Tuned, among others.
- Headquarter Moscow, Russia
- Founders Ruslan A
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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
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Net Profit
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EBITDA
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Latest Funding Round
$1.59 M (USD), Token Sale
May 18, 2021
- Investors
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Employee Count
Employee Count
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Acquired by
Magic Square
(Feb 24, 2024)
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Funding Insights of TruePNL
- Total Funding Total Funding
- Total Rounds 1
- Last Round Token Sale — $1.6M
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First Round
First Round
(18 May 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Token Sale - TruePNL | 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 TruePNL
TruePNL has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Magic Square. 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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Crypto-focused apps are provided via a blockchain platform.
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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 TruePNL
| 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 - TruePNL
| 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 |
Truepnl Comparisons
Competitors of TruePNL
TruePNL 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 3Commas, INX, HTX, Mizar and Tuned, 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 |
Cryptocurrency trading bots and automated strategies are provided.
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| domain | founded_year | HQ Location |
Automated trading platform for cryptocurrencies and derivatives is operated.
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| domain | founded_year | HQ Location |
Cryptocurrency trading platform
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| domain | founded_year | HQ Location |
Consulting and information management solutions are provided for databases.
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| domain | founded_year | HQ Location |
Powerful automated trading bot platform
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| domain | founded_year | HQ Location |
Algorithmic trading platform for cryptocurrencies
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 TruePNL
When was TruePNL founded?
TruePNL was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is TruePNL located?
TruePNL is headquartered in Moscow, Russia.
Who is the current CEO of TruePNL?
Ruslan A is the current CEO of TruePNL. They have also founded this company.
What does TruePNL do?
TruePNL was established in 2020 in Moscow, Russia, as an online platform in the cryptocurrency trading sector. Trading bots and automated strategies are provided to facilitate crypto transactions, with all funds maintained on users exchange accounts. A portfolio tracker is included for analyzing trading history and consolidating multiple accounts. Operations focus on user-driven analytics and automation without direct fund custody.
Who are TruePNL's investors?
TruePNL has 1 investor. Key investors include Magic Square.