# HATA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hata

- Industry: Financial Services
- Headquarters: Kuala Lumpur, Malaysia
- Website: www.hata.io
- Total disclosed funding: $4.2M
- Latest round: Seed (Oct 21, 2024)
- Investors on record: 6

## About

Based in Kuala Lumpur, Malaysia, and founded in 2023 by CEO David Low, CTO Chong Kwai Kun, and CRO Darien Ng, Hata Digital Sdn. Bhd., formerly Hako Digital Sdn. Bhd, a.k.a. HATA operates as a cryptocurrency exchange, enabling users to trade digital assets using fiat currencies. In October 2024, Hata Capital Limited raised approximately MYR 18.1 million in seed funding co-led by Castle Island Management and Cadenza Capital Management, with participation from Bybit, Plug and Play Ventures, AP Capital, and Alliance.

HATA is a global cryptocurrency exchange that primarily facilitates the buying and selling of cryptocurrencies using fiat currency. The platform offers a user-friendly interface that allows individuals and businesses to trade a variety of digital assets efficiently. Hata bridges the gap between traditional finance and the cryptocurrency market by providing end users with secure and straightforward access to digital trading. The exchange caters to a diverse customer base, including retail investors, institutional clients, and crypto enthusiasts across various geographical markets such as North America, Europe, and parts of Asia.

HATA's revenue generation model centers on facilitating transactions between users and the exchange. The company earns revenue through transaction fees charged for each buy and sell order executed on its platform. When a client executes a trade, a percentage of the transaction value is retained as a fee, contributing to Hata's overall revenue stream. This transactional structure may also be complemented by service offerings such as advanced trading tools or premium account features that appeal to more active traders.

The company intends to utilize its proceeds from October 2024's funding to expand into new products and attract more users in Asia.

## Funding rounds

- Seed, Oct 21, 2024, $4.2M — AP Capital, Plug and Play, Castle Island Ventures, Cadenza Capital Management, Bybit, Alliance DAO

## Investors

- AP Capital — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed
- Cadenza Capital Management (https://capitalatlas.ai/funds/cadenza-capital-management) — Seed
- Bybit — Seed
- Alliance DAO — Seed