Wallex

Singapore, Singapore Founded: 2015 • Age: 11 yrs Acquired By M-DAQ
Cross-border payments acceptance and management solution for businesses
Annual revenue $599,412 Latest available
Total funding - 3 rounds
Employees - Tracked headcount
Investors 10 Known backers
Products - Services tracked
Competitors 11 Brand Intelligence

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
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Wallex Technologies Pte, Ltd
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $599.41 K (USD)
    1024
    as on Dec 31, 2019
  • Net Profit
    -$975.29 K (USD)
    -127
    as on Dec 31, 2019
  • EBITDA
    Not available
  • Latest Funding Round
    Not available
  • Investors
    M-DAQ

    & 9 more

  • Employee Count
    Not available
  • Acquired by
    M-DAQ

    (Feb 22, 2022)

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People of Wallex

Headcount 10-50
Employee Profiles 1
Employee Profiles
People
Andrew Marchen
Chief Technology Officer

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Teams

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Funding Insights of Wallex

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.

All
Venture Fund
Investor Description Founded Year Domain Location
Venture capital firm investing in multiple sectors
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Indonesian early-stage tech firms are funded by Central Capital Ventura.
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Private equity investments are directed across multiple sectors.
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Investor details for Wallex

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  • Investor domains
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  • Participation history

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Investments & Acquisitions by Wallex

Investments
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Investment portfolio details for Wallex

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Financial Statements - Wallex

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Detailed financials for Wallex

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Wallex Comparisons

Wallex Primary company
Description
Cross-border payments acceptance and management solution for...
Location
Singapore, Singapore
Founded Year
2015
Annual Revenue
$599.41 K (USD)
Net Profit
-$975.29 K (USD)
EBITDA
Not available
Employees
Not available
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Peer comparison for Wallex

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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.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Cross-border payments are processed for businesses via tools and APIs.
Locked Locked Locked
Global payment solutions are provided by Rapyd to businesses worldwide.
Locked Locked Locked
Cloud-based payment solutions are provided for cross-border transactions.
Locked Locked Locked
Flywire is recognized as a global payments and software expert.
Locked Locked Locked
Cross-border payment infrastructure provider
Locked Locked Locked
Cross-border money transfers are facilitated for individuals and businesses.
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Detailed competitors of Wallex

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Latest news on Wallex

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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 current CEO of Wallex. 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's top competitors include Airwallex, Thunes and Rapyd.

Wallex has 10 investors. Key investors include M-DAQ, BAce Capital, Central Capital Ventura, Indonusa Dwitama, and Beenext.

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