About Ukash
Ukash is a Financial Services company based in London (United Kingdom) founded in 2001, and was acquired by Skrill in November 2014. International e-cash payment method. Ukash has raised $14.4 million across 1 funding round from investors including Skrill and DataCash. The company was acqui-hired. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its legal entity is UKASH LIMITED. Its competitors include Hastee, Zilch and HyperJar; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2001 in London, United Kingdom, Ukash operates in the electronic payments sector as an e-wallet service. Money is exchanged for 19-digit codes at over 420,000 outlets across 55 countries, allowing use on e-commerce sites, prepaid cards, and other e-wallets. Recognition includes inclusion in the Sunday Times Microsoft Tech Track 100 in 2011 and multiple Queens Awards for Enterprise in International Trade from 2011 to 2014.
Funding Insights of Ukash
Ukash has successfully raised a total of $14.4M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $14.4 million completed in September 2008. 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 $14.4M
- Total Rounds 1
- Last Round Private Equity Round — $14.4M
- First Round $14.4M
(Sep 2008)
- Investors Count 1
All 1 funding rounds of Ukash with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2008 | $14.4M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Ukash
Ukash has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Skrill and DataCash.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Outsourced electronic payment solutions and fraud prevention are provided. | 1996 | datacash.com | London, United Kingdom | |
Online payments and digital wallet services are facilitated internationally. | 2001 | skrill.com | London, United Kingdom |
Investor details for Ukash
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Timeline of Ukash
3 dated milestones of Ukash across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Ukash is founded.
- Funding First funding round of $14.4M.
- Exit Acquired by Skrill.
Competitors of Ukash
Ukash has 3 listed competitors in our database, 3 of them funded. They include Hastee, Zilch and HyperJar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hastee.com | 2017 | London, United Kingdom | $22.9M | 24 | Online employee benefits platform for financial benefits | |
| zilch.com | 2018 | London, United Kingdom | $566.17M | Direct-to-consumer ad-subsidised payments network | ||
| hyperjar.com | 2016 | London, United Kingdom | $24M | 18 | Wallet-based payment solutions are offered for consumer transactions. |
Detailed competitors of Ukash
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Web traffic of Ukash
Websites that share an audience with Ukash (ukash.com).
Websites whose visitors overlap most with Ukash. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paysafecard.com | 100% | 5.3M | #9,606 | View details | |
| cashu.com | 100% | View details | |||
click2pay.com | click2pay.com | 98% | – | ||
gold-cards.net | gold-cards.net | 95% | – | ||
moneybookers.com | moneybookers.com | 92% | #14,421,262 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Ukash
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- 9 similar websites
- Audience overlap
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Related news about Ukash
Complete news archive for Ukash
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Frequently Asked Questions about Ukash
Ukash was founded in 2001 and raised its 1st funding round 7 years after it was founded.
Ukash is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Ukash is a funded company, having raised a total of $14.4M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $14.4M, raised on Sep 2008.
Founded in 2001 in London, United Kingdom, Ukash operates in the electronic payments sector as an e-wallet service. Money is exchanged for 19-digit codes at over 420,000 outlets across 55 countries, allowing use on e-commerce sites, prepaid cards, and other e-wallets. Recognition includes inclusion in the Sunday Times Microsoft Tech Track 100 in 2011 and multiple Queens Awards for Enterprise in International Trade from 2011 to 2014.
Ukash operates through Ukash Limited.
Yes. Ukash was acquired by Skrill in November 2014.