# Zipmex Pte.

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

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.zipmex.com
- Total disclosed funding: $66M
- Latest round: Series B (Apr 4, 2022)
- Investors on record: 10

## About

Based in Singapore, Zipmex Pte. Ltd. operates a digital asset exchange platform that facilitates the trading and management of cryptocurrencies and other digital assets.Zipmex Pte. Ltd. was founded in 2018 in Singapore and provides a platform for the trading of cryptocurrencies. The company has engaged in 8 deals and had its most recent funding on July 22, 2022, raising a total of USD 1.20 mn led by Coinbase Global, Inc. The company was co-founded by Akalarp Yimwilai and Marcus Lim, with Yimwilai serving as the CEO.The company specializes in cryptocurrency trading services, which serve a pivotal role in addressing the need for accessible digital asset management. These offerings were launched in 2018, with the aim of enhancing user experience in the trading of cryptocurrencies. The client base primarily includes individual traders and institutional investors, who utilize the platform to buy, sell, and manage their digital assets. Geographically, the company markets its services in Southeast Asia, specifically targeting markets like Thailand, Indonesia, and Australia, catering to a diverse range of users who benefit from the tailored solutions provided.In 2021, the company generated revenue of USD 14.60 mn. The revenue model includes transaction fees from trades executed on their platform. Clients engage with the firm by purchasing trading services, which are designed to meet their specific trading needs. The revenue flow is supported by ongoing relationships with clients, facilitating repeat transactions.Zipmex Pte. Ltd. is exploring new product offerings in the cryptocurrency space, though specific launch dates are not yet available. The company aims to expand into new markets, specifically targeting the European market by the end of 2023. Following its most recent funding round in July 2022, the raised capital is expected to support these expansion initiatives and enhance their technology infrastructure to better serve new customers.

## Funding rounds

- Series B, Apr 4, 2022, $57M — Jump Capital, MindWorks Capital, B Capital, Krungsri Finnovate, TNB Aura, Cadenza Capital Management, Master Ad Public Company, V Ventures
- Series A, Jan 12, 2021, $6M — Jump Capital
- Series A, May 20, 2020, $3.2M — BlueHill Asset Management, Divergence Ventures

## Investors

- BlueHill Asset Management (https://capitalatlas.ai/funds/bluehill-asset-management) — Series A
- Divergence Ventures (https://capitalatlas.ai/funds/divergence-ventures) — Series A
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series A, Series B
- MindWorks Capital (https://capitalatlas.ai/funds/mindworks-capital) — Series B
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series B
- Krungsri Finnovate (https://capitalatlas.ai/funds/krungsri-finnovate) — Series B
- TNB Aura (https://capitalatlas.ai/funds/tnb-aura) — Series B
- Cadenza Capital Management (https://capitalatlas.ai/funds/cadenza-capital-management) — Series B
- Master Ad Public Company — Series B
- V Ventures (https://capitalatlas.ai/funds/v-ventures) — Series B