What is M-DAQ?
M-DAQ operates at the intersection of finance and technology, specializing in the development of over-the-top (OTT) applications designed to streamline complex cross-border transactions. The company serves a broad spectrum of clients, from large multinational corporations to financial intermediaries and payment gateways, enabling seamless international commerce. By providing robust technological solutions, M-DAQ addresses the critical need for efficient and secure financial operations in a globalized economy. The company's strategic positioning in Singapore, a key financial hub in Asia, further solidifies its capacity to bridge international markets.
How much funding has M-DAQ raised?
M-DAQ has raised a total of $296.5M across 3 funding rounds:
Series B
$14.5M
Series C
$82M
Series D
$200M
Series B (2013): $14.5M with participation from Citi Ventures and GSR Ventures
Series C (2015): $82M led by GSR Ventures
Series D (2021): $200M supported by Affinity Equity Partners
Key Investors in M-DAQ
Affinity Equity Partners
Affinity Equity Partners is a private equity firm specializing in Asian markets, known for its active ownership approach to drive long-term value and transformation in its portfolio companies.
GSR Ventures
GSR Ventures is a venture capital firm that invests in technology and innovation, likely focusing on companies that can disrupt traditional industries with new technological solutions.
Citi Ventures
Citi Ventures is the venture capital arm of Citigroup, focused on identifying and investing in emerging technologies and innovative business models that align with Citigroup's strategic interests in financial services.
What's next for M-DAQ?
With substantial backing, M-DAQ is poised for significant growth and innovation in the fintech sector. The recent major strategic investment signals strong confidence from its backers in the company's business model and future prospects. This capital will likely be deployed to further develop its OTT platform, expand its market reach into new geographies, and enhance its service offerings to meet the evolving demands of global businesses. M-DAQ's trajectory suggests a continued focus on leveraging technology to simplify and secure international financial flows, positioning it as a key player in the digital economy.
See full M-DAQ company page
