About Ukash
Ukash is a company based in London (United Kingdom) founded in 2001 was acquired by Skrill in November 2014.. Ukash has raised $14.4 million across 1 funding round from investors including Skrill and DataCash. Ukash operates in a competitive market with competitors including MoneyGram, Hastee, NALA, Zilch and HyperJar, among others.
- Headquarter London, United Kingdom
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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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- Legal Name Ukash Limited
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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 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 Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $14.4M
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First Round
First Round
(29 Sep 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2008 | Amount | Private Equity Round - Ukash | 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 Ukash
Ukash has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Skrill and DataCash. 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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Outsourced electronic payment solutions and fraud prevention are provided.
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Founded Year | Domain | Location | |
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Online payments and digital wallet services are facilitated internationally.
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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 Ukash
| 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 - Ukash
| 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 |
Ukash Comparisons
Competitors of Ukash
Ukash 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 MoneyGram, Hastee, NALA, Zilch and HyperJar, 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 enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Online employee benefits platform for financial benefits
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled online for individuals worldwide.
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| domain | founded_year | HQ Location |
Direct-to-consumer ad-subsidised payments network
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| domain | founded_year | HQ Location |
Wallet-based payment solutions are offered for consumer transactions.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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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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Latest news on Ukash
Frequently Asked Questions about Ukash
When was Ukash founded?
Ukash was founded in 2001 and raised its 1st funding round 7 years after it was founded.
Where is Ukash located?
Ukash is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Ukash a funded company?
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 29, 2008.
What does Ukash do?
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.
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