What is M-DAQ?
M-DAQ operates at the intersection of finance and technology, developing sophisticated OTT applications designed to streamline cross-border transactions for a diverse clientele. This includes multinational corporations, securities exchanges, financial intermediaries, e-commerce platforms, and payment gateways. Based in Singapore, M-DAQ's innovative solutions address the complexities of international commerce, enabling seamless financial operations across different jurisdictions. The company's focus on facilitating global business positions it as a key player in the evolving landscape of digital finance.
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
Affinity Equity Partners
Affinity Equity Partners is an independently owned buyout fund manager specializing in Asian private equity since 1998. The firm focuses on partnership and active ownership, working closely with business founders, entrepreneurs, and management teams to drive sustainable transformation and long-term value.
GSR Ventures
GSR Ventures is a venture capital firm that typically invests in early-stage technology companies. Their focus often includes areas like enterprise software, semiconductors, and internet services, aiming to support disruptive innovations and high-growth potential businesses.
Citi Ventures
Citi Ventures is the venture capital arm of Citigroup, focused on investing in innovative companies that align with Citigroup's strategic interests. They typically explore emerging technologies and business models in areas such as fintech, digital banking, and data analytics.
What's next for M-DAQ?
The recent major strategic investment in M-DAQ signals a pivotal moment for the company, likely enabling accelerated expansion of its technological infrastructure and market reach. This capital infusion is expected to fuel further development of its OTT application suite, enhancing its capabilities to support increasingly complex cross-border financial activities. M-DAQ's strategic positioning suggests a focus on deepening partnerships with financial institutions and e-commerce giants, aiming to solidify its role as a critical enabler of global trade and investment in the digital era. The company's trajectory indicates a strong potential for continued innovation and market leadership.
See full M-DAQ company page
