About Wallex
Wallex is a company based in Singapore (Singapore) founded in 2015 by Hiroyuki Kiga, Shang Ping Ting, and Jody Ong was acquired by M-DAQ in February 2022.. Wallex operates in a competitive market with competitors including Airwallex, Rapyd, Currencycloud, Flywire and Thunes, among others.
- Headquarter Singapore, Singapore
- Founders Hiroyuki Kiga, Shang Ping Ting, Jody Ong
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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 Wallex Technologies Pte, Ltd
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Funding Insights of Wallex
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series A - Wallex | Valuation | BAce Capital | |
| Oct, 2018 | Amount | Seed - Wallex | Valuation | Beenext | |
| Jun, 2016 | Amount | Seed - Wallex | Valuation | Amand Ventures |
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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 Wallex
Wallex has secured backing from 10 investors, including venture fund investors. Prominent investors backing the company include M-DAQ, BAce Capital and Central Capital Ventura. 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 firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Indonesian early-stage tech firms are funded by Central Capital Ventura.
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Founded Year | Domain | Location | |
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Private equity investments are directed across multiple sectors.
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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 Wallex
| 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 - Wallex
| 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 |
Wallex Comparisons
Competitors of Wallex
Wallex 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 Airwallex, Rapyd, Currencycloud, Flywire and Thunes, 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 processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for cross-border transactions.
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| domain | founded_year | HQ Location |
Flywire is recognized as a global payments and software expert.
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| domain | founded_year | HQ Location |
Cross-border payment infrastructure provider
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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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 Wallex
Frequently Asked Questions about Wallex
When was Wallex founded?
Wallex was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Wallex located?
Wallex is headquartered in Singapore, Singapore.
Who is the current CEO of Wallex?
Jody Ong is the current CEO of Wallex. They have also founded this company.
What is the annual revenue of Wallex?
Annual revenue of Wallex is $599.41K as on Dec 31, 2019.
What does Wallex do?
Wallex was founded in 2015 in Singapore within the fintech sector. Cross-border payment solutions are offered to businesses, including multicurrency wallets and acceptance mechanisms that convert payments to local currencies. Financial institutions are enabled to deliver remittance services to customers across borders. Operations center on Asia, supporting efficient international transactions and management.
Who are the top competitors of Wallex?
Who are Wallex's investors?
Wallex has 10 investors. Key investors include M-DAQ, BAce Capital, Central Capital Ventura, Indonusa Dwitama, and Beenext.
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