About XPayBack
XPayBack is a company based in Singapore (Singapore) founded in 2017 by A B Cushbinshad.. XPayBack has raised $1 million across 1 funding round from investors including Tests Assured. XPayBack offers products and services including In-Store Cashback, E-commerce Cashback, Gift Voucher, Prepaid Card, and Deals. XPayBack operates in a competitive market with competitors including MoneyGram, YouTrip, Surkus, CarePay and FlexM, among others.
- Headquarter Singapore, Singapore
- Founders A B Cushbinshad
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Xpayback Pte. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1 M (USD)
in 1 rounds
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Latest Funding Round
$1 M (USD), Seed
Mar 31, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of XPayBack
XPayBack offers a comprehensive portfolio of products and services, including In-Store Cashback, E-commerce Cashback, Gift Voucher, Prepaid Card, and Deals. 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.
Offers cashback on purchases at partner retail stores
Provides cashback for online shopping transactions
Enables buying vouchers with increasing cashback over time
Guarantees cashback on all purchases using the card
Delivers unbeatable discounts on various categories
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Funding Insights of XPayBack
XPayBack has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in March 2023. 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 Seed — $1.0M
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First Round
First Round
(31 Mar 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - XPayBack | Valuation | Tests Assured |
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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 XPayBack
XPayBack has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tests Assured. 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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Offers quality assurance and custom development for AR, VR, and MR technologies.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 XPayBack
| 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 - XPayBack
| 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 |
Xpayback Comparisons
Competitors of XPayBack
XPayBack 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, YouTrip, Surkus, CarePay and FlexM, 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.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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NFC-enabled travel cards and wallets are provided for travelers.
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Mobile app platform for event promotion
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Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Expense management and bill payment solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Provides digital wallets for individual users.
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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 Xpayback
Frequently Asked Questions about XPayBack
When was XPayBack founded?
XPayBack was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Where is XPayBack located?
XPayBack is headquartered in Singapore, Singapore.
Is XPayBack a funded company?
XPayBack is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Mar 31, 2023.
What does XPayBack do?
XPayBack was founded in 2017 in Singapore. Operations focus on the fintech sector, where payment processing services are offered to both consumers and businesses. A reward management system is included to handle incentives. Platforms are provided for local merchants to offer promotions and discounts, supporting customer acquisition. The company operates primarily in the Asia-Pacific region through its online domain.
Who are the top competitors of XPayBack?
What products or services does XPayBack offer?
XPayBack offers In-Store Cashback, E-commerce Cashback, Gift Voucher, Prepaid Card, and Deals.
Who are XPayBack's investors?
XPayBack has 1 investor. Key investors include Tests Assured.