# T2P Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/t2p-co

- Industry: Financial Services
- Headquarters: Bangkok, Thailand
- Website: www.atdeeppocket.com
- Total disclosed funding: $3M
- Latest round: Series A (Aug 1, 2017)
- Investors on record: 4

## About

T2P Co., Ltd. is a digital financial services provider that specializes in electronic wallet solutions, facilitating seamless cashless transactions for users in Thailand and beyond.Founded in 2012 and headquartered in Bangkok, Thailand, T2P Co., Ltd. operates by offering a comprehensive electronic wallet solution, DeepPocket, which allows users to conduct financial transactions efficiently. The company has executed 3 deals, with its most recent deal occurring on August 31, 2022, when it raised USD 3.00 mn in a Series A funding round led by J-Ventures, along with other investors including 500 Global and Telenor ASA. The founders, Natwut Amornvivat and Taweechai Pureetip, have significant experience in the financial technology sector, with Taweechai Pureetip serving as the current CEO.T2P Co., Ltd. offers DeepPocket, an electronic wallet solution that streamlines financial transactions for domestic and international users. This platform provides a variety of services including payments, money transfers, and top-ups, utilizing QR PromptPay technology for secure transactions throughout Thailand. DeepPocket allows users to link debit and credit cards for both online and offline purchases while ensuring safety through advanced eKYC technology. It caters to individual consumers, families, and small to medium-sized enterprises (SMEs), particularly assisting travelers with its Tourist Access Plan that enables cashless payments without a Thai bank account, and expanding its offerings to various international markets.In the most recent year, T2P Co., Ltd. reported revenue of USD 10.71 mn for 2022, alongside an EBITDA of USD -79,468.9. The revenue model centers on transaction fees generated by the DeepPocket platform as users engage in various financial activities. The specifics of pricing plans for transaction fees or service charges are not publicly disclosed, but the advanced payment technologies employed suggest a structured pricing model aimed at enhancing accessibility and user engagement.Most recently, on August 31, 2022, T2P Co., Ltd. raised USD 3.00 mn from Beacon Venture Capital to further develop its e-wallet business under a B2B2C model. The company aims to launch new products designed for improved user experience in the electronic wallet sector while planning to expand into new markets, particularly targeting Southeast Asian countries, by the end of 2023. The capital raised will be utilized to support these initiatives, enabling T2P Co., Ltd. to enhance its service offerings and broaden its market reach.

## Funding rounds

- Series A, Aug 1, 2017, $3M — Telenor ASA, 500 Global, J-Ventures, Chanwanich Security Printing Company Limited

## Investors

- Telenor ASA — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- J-Ventures (https://capitalatlas.ai/funds/j-ventures) — Series A
- Chanwanich Security Printing Company Limited — Series A