What is M-DAQ?
Headquartered in Singapore, M-DAQ operates at the intersection of e-commerce, securities exchange, and payment processing. The company specializes in developing sophisticated OTT applications that streamline cross-border business operations for financial intermediaries and global platforms. By abstracting the complexities of currency conversion and international settlement, M-DAQ provides a critical layer of efficiency for multinational corporations. Its market position is defined by its ability to integrate seamlessly into existing financial ecosystems, thereby reducing friction in global trade and enhancing liquidity for its diverse client base. The firm's technological architecture is designed to support high-volume, multi-currency environments, making it an essential partner for entities navigating the intricacies of global commerce.
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
An independently owned buyout fund manager specializing in Asian private equity, focusing on active ownership and sustainable transformation of regional businesses.
GSR Ventures
A prominent venture capital firm with a focus on early-to-growth stage technology companies, particularly those driving innovation in the Asian market.
Citi Ventures
The corporate venture capital arm of Citigroup, investing in startups that align with the bank's strategic interests in financial services and digital transformation.
What's next for M-DAQ?
With the recent influx of capital, M-DAQ is well-positioned to accelerate its international expansion and deepen its product suite. The strategic focus will likely shift toward enhancing its proprietary algorithmic engines and expanding its footprint within emerging markets where cross-border trade demand is surging. As the company moves into this next phase of growth, it will prioritize the integration of its services with major global payment gateways and securities exchanges, further cementing its role as a foundational utility for the digital economy. The firm's ability to leverage its existing institutional partnerships will be instrumental in maintaining its competitive edge in the rapidly evolving fintech sector.
See full M-DAQ company page
