Union

Cayman Islands Founded: 2019 • Age: 7 yrs
Personal credit lines are facilitated via a peer-to-peer platform.
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About Union

Union is a company based in Cayman Islands founded in 2019. It operates as a Blockchain-as-a-Service, Peer-to-Peer (P2P), and FinTech. Union has raised $3.55 million across 2 funding rounds from investors including CoinFund, Placeholder and Scalar Capital. Union offers products and services including Union Protocol.

  • Headquarter Cayman Islands
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Union Finance
Operational Areas
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $3.55 M (USD)

    in 2 rounds

  • Latest Funding Round
    $3 M (USD), Seed

    Dec 17, 2020

  • Investors
    CoinFund

    & 11 more

  • Employee Count
    Employee Count
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Products & Services of Union

Union offers a comprehensive portfolio of products and services, including Union Protocol. 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.

Primary

Onchain peer-to-peer credit access is provided through Union.

Funding Insights of Union

Union has successfully raised a total of $3.55M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in December 2020. 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 Rounds 2
  • Last Round Seed — $3.0M
  • First Round

    (26 Feb 2020)

  • Investors Count 12
Date Amount Transaction Name Valuation Lead Investors Investors
Dec, 2020 Amount Seed - Union Valuation Placeholder , 1kx
Yancey Strickler , Kevin Lin
Feb, 2020 Amount Seed - Union Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Union

Union has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include CoinFund, Placeholder and Scalar Capital. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Placeholder
Investments are directed toward decentralized information networks by Placeholder.
Founded Year Domain Location
1kx
ICO-based venture capital fund
Founded Year Domain Location
Distributed Global
Blockchain projects are funded by this venture capital firm.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Union

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Union

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Union Comparisons

Employees
+
Add Comparison
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Competitors of Union

Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Union

Frequently Asked Questions about Union

When was Union founded?

Union was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Union located?

Union is headquartered in Cayman Islands.

Is Union a funded company?

Union is a funded company, having raised a total of $3.55M across 2 funding rounds to date. The company's 1st funding round was a Seed of $545K, raised on Feb 26, 2020.

What does Union do?

Union is established as an open-source protocol that enables peer-to-peer credit access onchain. It operates within the blockchain finance sector, offering solutions for personal and business credit needs without collateral or credit scores. Programmable credit lines are provided, allowing users and developers to lend and borrow directly via smart contracts. Trust-based vouching systems are integrated to facilitate credit extension among trusted contacts. Unions democratic governance model is driven by user voting on protocol parameters, ensuring a decentralized approach to credit access and economic growth.

What products or services does Union offer?

Union offers Union Protocol.

Who are Union's investors?

Union has 12 investors. Key investors include CoinFund, Placeholder, Scalar Capital, 1kx, and Distributed Global.

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