# Lightnet Pte.

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

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: http://www.lightnet.io
- Total disclosed funding: $32M
- Latest round: Series A (Jul 8, 2020)
- Investors on record: 7

## About

Lightnet Pte. Ltd specializes in innovative payment solutions that enable efficient international money transfers. The company focuses on providing cost-effective and seamless financial transactions across various platforms.Founded in 2018 in Singapore, Lightnet Pte. Ltd operates an interoperable payment platform for global remittance services. The company has completed 4 deals, with its most recent being a Series B funding round in July 2023 that raised USD 4.05 mn, bringing the total amount raised to USD 4.05 mn and a current valuation of USD 395.47 mn. The CEO is Tom S., and the founder is Tridbodi Arunanondchai.Lightnet offers a comprehensive suite of payment solutions designed to facilitate faster, cheaper, and easier international money transfers. Their core products include cross-border remittance services, mobile e-wallets, and virtual bank accounts, all supported by an intuitive dashboard for easy exchange rate management. Lightnet targets large institutional clients as well as B2B and B2B2C segments, establishing a multihub, multilateral network that serves a global market, including regions with capital controls. The company's innovative use of stablecoins and virtual accounts enhances its position as a financial technology provider.In the most recent fiscal year of 2021, Lightnet generated a revenue of USD 4,671,352. However, the company reported an EBITDA loss of USD 55,279,658 during the same year, reflecting the challenges it faces in its operational model.Lightnet Pte. Ltd plans to launch new products that will enhance its payment capabilities, although specific release dates are not provided. They are targeting expansion into additional markets in Asia and beyond by 2025. The recent Series B funding of USD 4.05 mn will be utilized to support these growth initiatives, as indicated in their deal overview from July 11, 2023.

## Funding rounds

- Series A, Jul 8, 2020, $32M — UOB Venture Management, Seven Bank, Ltd., Uni-President Enterprises Corp., Du Capital, HashKey Capital, Hanwha Investment & Securities, Hopeshine Capital

## Investors

- UOB Venture Management (https://capitalatlas.ai/funds/uob-venture-management) — Series A
- Seven Bank, Ltd. — Series A
- Uni-President Enterprises Corp. — Series A
- Du Capital (https://capitalatlas.ai/funds/du-capital) — Series A
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series A
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series A
- Hopeshine Capital (https://capitalatlas.ai/funds/hopeshine-capital) — Series A