What is M-DAQ?
M-DAQ operates at the intersection of global commerce and financial technology, providing sophisticated OTT applications designed to streamline cross-border business operations. By serving a diverse ecosystem that includes multinational corporations, securities exchanges, and payment gateways, the company effectively removes the friction typically associated with international transactions. Its platform acts as a critical layer of financial middleware, enabling seamless currency conversion and settlement processes that empower e-commerce platforms and financial intermediaries to scale their operations across disparate regulatory and economic environments. Through its innovative approach, M-DAQ has established itself as a vital utility for entities navigating the complexities of modern global trade.
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 GSR Ventures and Citi Ventures
Series C (2015): $82M led by GSR Ventures
Series D (2021): $200M supported by Affinity Equity Partners
Key Investors in M-DAQ
GSR Ventures
A prominent venture capital firm focusing on early-stage and growth-stage investments in technology companies, particularly those with significant potential in the Asian market.
Affinity Equity Partners
An independently owned buyout fund manager specializing in Asian private equity, dedicated to driving sustainable transformation and long-term value for its portfolio companies.
Citi Ventures
The corporate venture capital arm of Citigroup, focused on investing in startups that are building the future of financial services and enterprise technology.
What's next for M-DAQ?
With the infusion of capital from its latest funding round, M-DAQ is well-positioned to accelerate its product development and deepen its penetration into key international markets. The company's strategic roadmap likely involves enhancing its core OTT architecture to support higher transaction volumes and broader asset classes, ensuring it remains at the forefront of the fintech sector. As the demand for frictionless cross-border financial services continues to rise, M-DAQ is expected to leverage its robust backing to forge new institutional partnerships and solidify its role as a foundational pillar of the global digital economy. The focus remains on scaling operational capacity while maintaining the high-security standards required by its enterprise-level clientele.
See full M-DAQ company page
