Simbapay Overview
- Year Founded
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2013
- Status
-
Acquired/Merged
- Employees
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2
- Latest Deal Type
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M&A
Simbapay General Information
Description
Developer of a financial application designed to transfer money abroad seamlessly. The company's application permits credit transactions within seconds to recipients' bank accounts or mobile money wallets, eliminating the inconvenience of queues and old-school paperwork and solving the problem of speed, price, and ease, enabling banks and telecom companies to give their customers competitive prices for sending money, track transfers, and check exchange rates, instantly.
Contact Information
Website
www.simbapay.comCorporate Office
- The Trampery
- 239 Old Street
- London EC1V 9EY
- England, United Kingdom
Corporate Office
- The Trampery
- 239 Old Street
- London EC1V 9EY
- England, United Kingdom
Simbapay Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Merger/Acquisition | 04-Oct-2021 | Completed | Generating Revenue | |||
| 6. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 5. Angel (individual) | 01-Jul-2021 | Completed | Generating Revenue | |||
| 4. Later Stage VC | 10-Aug-2020 | Completed | Generating Revenue | |||
| 3. Later Stage VC | 09-Oct-2019 | Completed | Generating Revenue | |||
| 2. Seed Round | 07-May-2018 | $150K | $170K | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 05-Apr-2016 | $20K | $20K | Completed | Generating Revenue |
Simbapay Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | 9,258 | $0.001401 | $7.3 | $7.3 | 1x | $7.3 | 0.38% | |
| Ordinary | 12,365 | $0.001401 | $6.68 | $6.68 | 1x | $6.68 | 0.51% |
Simbapay Related Research & Analysis
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Growth Rate
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Key Data Points
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Majestic Referring Domains
Simbapay Former Investors (4)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Ingressive (Nigeria) | Venture Capital | Minority | ||
| Katapult Group | Accelerator/Incubator | Minority | ||
| Samurai Incubate Africa | Venture Capital | Minority | ||
| Techstars | Accelerator/Incubator | Minority |
Simbapay FAQs
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When was Simbapay founded?
Simbapay was founded in 2013.
-
Where is Simbapay headquartered?
Simbapay is headquartered in London, United Kingdom.
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What is the size of Simbapay?
Simbapay has 2 total employees.
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What industry is Simbapay in?
Simbapay’s primary industry is Financial Software.
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Is Simbapay a private or public company?
Simbapay is a Private company.
-
What is Simbapay’s current revenue?
The current revenue for Simbapay is .
-
How much funding has Simbapay raised over time?
Simbapay has raised $1.83M.
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Who are Simbapay’s investors?
Ingressive (Nigeria), Katapult Group, Samurai Incubate Africa, and Techstars have invested in Simbapay.
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When was Simbapay acquired?
Simbapay was acquired on 04-Oct-2021.
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Who acquired Simbapay?
Simbapay was acquired by Onafriq UK Holdings.
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