# Jewel Paymentech Pte

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.jewelpaymentech.com
- Total disclosed funding: $5.7M
- Latest round: Series A (Aug 30, 2019)
- Investors on record: 3

## About

Jewel Paymentech Pte Ltd, headquartered in Singapore, specializes in risk management and merchant operations solutions, offering innovative tools for payment processing and fraud detection in diverse markets.Founded in 2014 in Singapore, Jewel Paymentech Pte Ltd focuses on providing advanced payment processing solutions. In July 2022, the company was acquired by Advance Intelligence Group, enhancing its capabilities in the Web3.0, fraud and risk management sectors. The firm has completed a total of 6 deals to date and has received funding through its Series A round, totaling USD 7.804 mn, contributing to a current valuation of USD 11.241 mn. Sean Lam is the founder of the company.Jewel Paymentech’s core product suite, ADVANCE.BizQ, enhances risk management and streamlines merchant operations within the payment processing industry. Their offerings include merchant eKYC and onboarding solutions, utilizing cloud-based AI tools for real-time processing and fraud detection. Additionally, they provide merchant monitoring services to track online activities, ensuring proactive measures against fraudulent behavior. The company's solutions cater to clients in North America, Europe, and Asia, supporting safe and compliant payment processing for e-commerce platforms and retail merchants.In 2023, Jewel Paymentech reported a revenue of USD 1,354,806.60 and an EBITDA of USD -1,465,535.30. The company generates revenue by partnering with merchants and payment service providers, utilizing subscription models and transaction-based fees for their fraud detection services. Their flagship products facilitate ongoing partnerships, ensuring stability in revenue streams while enhancing clients’ security and compliance capabilities.Following the acquisition in July 2022, Jewel Paymentech plans to leverage its new resources to launch upcoming products designed for Web3.0 integrations and enhanced fraud detection solutions. The company is targeting expansion into markets across Asia and Europe by the end of 2024. The recent funding from the Series A round will support these initiatives, empowering Jewel Paymentech to strengthen its position in the payment processing landscape.

## Funding rounds

- Series A, Aug 30, 2019, $4.1M — Tuas Capital Partners, 8Capita, Wells Fargo Startup Accelerator
- Series A, Nov 23, 2016, $1.6M — Tuas Capital Partners, 8Capita, Wells Fargo Startup Accelerator

## Investors

- Tuas Capital Partners (https://capitalatlas.ai/funds/tuas-capital-partners) — Series A
- 8Capita (https://capitalatlas.ai/funds/8capita) — Series A
- Wells Fargo Startup Accelerator — Series A