# soCash Pte

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

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.socash.io
- Total disclosed funding: $12M
- Latest round: Series B (Jul 19, 2019)
- Investors on record: 4

## About

soCash Pte Ltd is a financial technology company based in Singapore, specializing in digital payment solutions to enhance cash accessibility and streamline transactions for businesses and consumers alike.Founded in 2016 in Singapore, soCash Pte Ltd provides innovative digital payment solutions. In April 2022, the company was acquired by NIUM Pte. Ltd. for USD 12.5 mn, allowing for an expansion into local payment acceptance, especially in emerging markets. The CEO, Wee Tan, has been instrumental in leading the company through this transition.soCash Pte Ltd offers a variety of digital payment solutions designed to improve cash accessibility for businesses and consumers. Their services facilitate seamless transactions, catering to the needs of both small businesses and larger enterprises looking to enhance their payment processes. The company serves clients primarily in Singapore and regionally across Southeast Asia, focusing on creating user-friendly solutions that integrate effortlessly into existing business operations.In 2022, soCash Pte Ltd reported a revenue of USD 272,455.70 with an EBITDA of USD -3,593,424.10. The revenue is generated from a model that includes subscription-based services and direct sales, with agreements for various service plans.With the recent acquisition in April 2022, soCash Pte Ltd plans to leverage the funding from NIUM Pte. Ltd. to enhance its digital payment offerings and expand into new markets across Southeast Asia. The company aims to develop new products focused on local payment solutions by the end of 2023, targeting regions experiencing significant growth in digital commerce. The funds will support product development and marketing efforts to ensure successful market entry.

## Funding rounds

- Series B, Jul 19, 2019, $6M — Vertex Ventures Southeast Asia & India, Glory Group, SC Ventures
- Series A, Dec 4, 2018, $2.8M — Vertex Ventures Southeast Asia & India, SPH Media Fund
- Series A, Oct 20, 2017, $3.4M — Vertex Ventures Southeast Asia & India

## Investors

- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Series A, Series B
- SPH Media Fund (https://capitalatlas.ai/funds/sph-media-fund) — Series A
- Glory Group — Series B
- SC Ventures — Series B