OKLink

cryptocurrency

FOUNDING YEAR: 2016
LOCATION: Hong Kong
Last Update: 01/05/2020

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About

OKLink is a blockchain money transfer network that gives every remittance and payment company the same cost advantage, global reach, and speed that took Western Union many decades to build. The company builds on the trust of the blockchain to connect and enable transactions between transfer and delivery companies worldwide using blockchain anchored digital assets and multi- signature technology. Launched in August 2016, OKLink is growing rapidly and currently offers payouts in twenty countries, at over 100,000+ locations. OKLink is a venture capital backed company, having raised $10m from leading Chinese and Silicon Valley venture capitalists. OKLink’s sister company also runs OKCoin – one of the largest digital asset exchanges in the world, with over one million customers in over 100 countries.

MEDICI Analysis

OKLink is a money transfer network that can be utilized by remittance and payment companies for enabling transactions across geographies. It operates as a settlement platform to send money across borders by leveraging blockchain technology.

Focus

PRODUCTS & SERVICES

OKLink has developed an API for remittance companies, that can be integrated to existing system for providing cross border money transfer solutions. The blockchain-powered platform connects remittance apps and mobile wallets to enable small cross-border transactions.

PRIMARY PROBLEM SOLVED

Global small valued remittance

Traction

ACTIVE USERS:

100+

TRACTION COMMENT:

The company has over one million customers in over 100 countries. It also claims to enable worldwide transfers to any Vietnamese account among 27 banks within 30 minutes. (Jan. 2017)

People

FOUNDERS

Star Xu

Jack C Liu

BOARD MEMBERS AND ADVISORS

Alexandre Tabbakh

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Ceyuan Ventures

Mantra Capital

Silicon Valley investor Tim Draper

Ventures Lab

KEY EMPLOYEES:

Jack Liu

Momentum

FUNDED

YES

TOTAL FUNDING

$10 M

DATE OF LAST FUNDING

Aug 2016

FUNDING SERIES

SERIES A  · $10 M  · Aug 2016

LISTED

NO

BASICS

FOUNDING YEAR:

2016

LOCATION:

Hong Kong

Views:

112 VISITORS | 185 VIEWS
LATEST FUNDING ROUND

$10 M

TOTAL EMPLOYEES
51-200

About

OKLink is a blockchain money transfer network that gives every remittance and payment company the same cost advantage, global reach, and speed that took Western Union many decades to build. The company builds on the trust of the blockchain to connect and enable transactions between transfer and delivery companies worldwide using blockchain anchored digital assets and multi- signature technology. Launched in August 2016, OKLink is growing rapidly and currently offers payouts in twenty countries, at over 100,000+ locations. OKLink is a venture capital backed company, having raised $10m from leading Chinese and Silicon Valley venture capitalists. OKLink’s sister company also runs OKCoin – one of the largest digital asset exchanges in the world, with over one million customers in over 100 countries.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

OKLink is a money transfer network that can be utilized by remittance and payment companies for enabling transactions across geographies. It operates as a settlement platform to send money across borders by leveraging blockchain technology.

Focus+
Momentum+
Traction+
People+
Other+

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OKLink

About

OKLink is a blockchain money transfer network that gives every remittance and payment company the same cost advantage, global reach, and speed that took Western Union many decades to build. The company builds on the trust of the blockchain to connect and enable transactions between transfer and delivery companies worldwide using blockchain anchored digital assets and multi- signature technology. Launched in August 2016, OKLink is growing rapidly and currently offers payouts in twenty countries, at over 100,000+ locations. OKLink is a venture capital backed company, having raised $10m from leading Chinese and Silicon Valley venture capitalists. OKLink’s sister company also runs OKCoin – one of the largest digital asset exchanges in the world, with over one million customers in over 100 countries.

Focus

PRODUCTS & SERVICES

OKLink is a blockchain money transfer network that gives every remittance and payment company the same cost advantage, global reach, and speed that took Western Union many decades to build. The company builds on the trust of the blockchain to connect and enable transactions between transfer and delivery companies worldwide using blockchain anchored digital assets and multi- signature technology.

TOP PROBLEM SOLVED

Global small valued remittance

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

People

FOUNDERS

Star Xu

Jack C Liu

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO, FOUNDER: Star Xu

CTO: Ryan (Rongyao) Zheng

COO: Jason Lau

CSO (Chief Strategy Officer): Jack Liu

FOUNDER: Jack C Liu

BOARD MEMBERS AND ADVISORS:

Alexandre Tabbakh

INVESTORS:

Ceyuan Ventures

Mantra Capital

Silicon Valley investor Tim Draper

Ventures Lab

Momentum

FUNDED

NO

LISTED

NO