# Finaxar Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finaxar-pte

- Industry: Financial Services
- Headquarters: Singapore
- Website: www.finaxar.com
- Total disclosed funding: $8.9M
- Latest round: Series A (Apr 8, 2019)
- Investors on record: 1

## About

Finaxar Pte. Ltd. is a Singapore-based company that specializes in providing detailed insights and information about casinos, primarily targeting the vibrant gaming market in Tashkent, Uzbekistan.Founded in 2016, Finaxar Pte. Ltd. operates in the online gambling sector, offering comprehensive reviews of casinos such as 'Sheraton', 'Meridian', and 'Crystal Palace'. The company has not undergone any major pivots in its business strategy or operations. It is headquartered in Singapore and has a global focus on the gaming scene in Uzbekistan. The CEO, Sian Tan, has not been noted for founding other companies. In April 2019, Finaxar raised USD 8.90 mn in Series A funding from 500 Startups, bringing the total amount raised to USD 8.90 mn and the current company valuation to USD 21.25 mn.Finaxar.com serves as an online platform providing extensive information about casinos in Tashkent, Uzbekistan. Its key offerings include insights into various games such as poker, roulette, and blackjack, as well as user reviews and ratings that help customers make informed decisions about where to engage in gaming activities. The platform caters to both local residents and tourists, enhancing the visitor experience in the region's gaming venues.In 2022, Finaxar reported a revenue of USD 512,055 with an EBITDA of USD -3,846,983. The company generates revenue through partnerships and affiliate marketing with the casinos it promotes, directing traffic to their sites and earning commissions based on customer engagement. Potential additional revenue streams include premium listings and advertising space for the casinos.Finaxar Pte. Ltd. plans to expand its offerings within the online gambling sector by launching new products designed to enhance customer engagement. While specific details about the upcoming products and their release dates have not been disclosed, the company aims to further penetrate the Uzbekistan market. The recent Series A funding of USD 8.90 mn will support these initiatives, enhancing their marketing efforts and potentially facilitating entry into new geographic regions by leveraging insights from the data gathered in their established market.

## Funding rounds

- Series A, Apr 8, 2019, $8.9M — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A