About Wallex
Wallex is a Financial Services company based in Singapore (Singapore) founded in 2015 by Hiroyuki Kiga, Shang Ping Ting, and Jody Ong, and was acquired by M-DAQ in February 2022. Cross-border payments acceptance and management solution for businesses. Its chief executive, as recorded, is Jody Ong. Its website wallex.asia draws about 34 thousand monthly visits. Its focus areas include FinTech, Digital Remittance, Enablers and Software for MTOs. Its legal entity is Wallex Technologies Pte, Ltd. Its competitors include Airwallex, Thunes and InstaReM; 3 of its 3 listed competitors have raised funding.
Company details
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.
Funding Insights of Wallex
- Total Rounds 3
- Investors Count 9
All 3 funding rounds of Wallex 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 |
|---|---|---|---|---|---|
| Jun 2020 | Series A | – | BAce Capital | ||
| Oct 2018 | Seed | – | Beenext | ||
| Jun 2016 | Seed | – | Amand Ventures | – |
10 investors in total: 10 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in multiple sectors | bace.vc | Hangzhou, China | ||
Indonesian early-stage tech firms are funded by Central Capital Ventura. | centralcapital.vc | Jakarta, Indonesia | ||
Private equity investments are directed across multiple sectors. | indonusadwitama.com | Jakarta, Indonesia | ||
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Tech startups are invested in by SMDV venture capital firm. | smdv.com | Jakarta, Indonesia | ||
Early-stage tech startups are funded by Skystar Capital venture fund. | skystar.vc | Jakarta, Indonesia | ||
Early-stage investments are directed toward digital industry startups. | amand.ventures | Singapore, Singapore | ||
Early-stage technology startups are invested in by KDV Capital. | kdvcapital.com | Singapore, Singapore | ||
Seed-stage investments are targeted globally by this venture capital firm. | durians.500.co | Singapore, Singapore | ||
Trade management solutions are provided for cross-border investor activities. | 2010 | m-daq.com | Singapore, Singapore |
Investor details for Wallex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Wallex
4 people are tracked at Wallex (4 in leadership).
| Name | Role | Group |
|---|---|---|
Hiroyuki Kiga | Co-Founder & COO | Leadership |
Shang Ping Ting | Co-Founder | Leadership |
Jody Ong | Co-Founder & CEO | Leadership |
Andrew Marchen | Chief Technology Officer | Leadership |
Complete people profiles for Wallex
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Timeline of Wallex
4 dated milestones of Wallex across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Wallex is founded.
- Funding First funding round.
- Funding Latest funding round, Series A,.
- Exit Acquired by M-DAQ.
Competitors of Wallex
Wallex has 3 listed competitors in our database, 3 of them funded. They include Airwallex, Thunes and InstaReM.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| airwallex.com | 2015 | Singapore | $1.25B | Cross-border payments are processed for businesses via tools and APIs. | ||
| thunes.com | 2016 | Singapore | $362M | Cross-border payment infrastructure provider | ||
| instarem.com | 2014 | Singapore | $5M | Cross-border money transfers are facilitated for individuals and businesses. |
Detailed competitors of Wallex
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- Full competitor set
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Web traffic of Wallex
The website of Wallex (wallex.asia) receives about 33.7K visits a month and ranks #694,821 among all websites worldwide, #6,783 in Investing.
- Monthly visits33.7K
▲ 10.3% vs previous month
- Unique visitors10.3K
per month
- Global rank#694,821
among all websites
- Category rank#6,783
Finance · Investing
- Bounce rate32%
- Pages per visit4.8
- Average visit1 min 06 sec
- DevicesDesktop 53% · Mobile 47%
Websites whose visitors overlap most with Wallex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| payset.io | 100% | 132.9K | #345,981 | View details | |
| currenxie.com | 75% | 55.1K | #473,545 | View details | |
| finci.com | 68% | #1,967,816 | View details | ||
| airwallex.com | 60% | 4.4M | #11,874 | View details | |
| rapyd.net | 60% | 619.3K | #81,032 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Wallex
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- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Wallex
Complete news archive for Wallex
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Frequently Asked Questions about Wallex
Wallex was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Wallex is headquartered in Singapore, Singapore.
Jody Ong is the CEO of Wallex, as recorded in our data. They have also founded this company.
Annual revenue of Wallex is $599.41K as on Dec 31, 2019.
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.
Wallex has 10 investors. Key investors include M-DAQ, BAce Capital, Central Capital Ventura, Indonusa Dwitama, and Beenext.
Wallex operates through Wallex Technologies Pte, Ltd.
Yes. Wallex was acquired by M-DAQ in February 2022.