• FOUNDING YEAR: 2013
    LOCATION:
    Thailand
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    Japan, Singapore, Singapore

Description

FOCUS

PRODUCTS & SERVICES:
Omise offers a payment management platform for e-commerce businesses in Asia as well as global markets. It provides a PCI-DSS-certified online gateway that enables retailers to accept payments from customers. The payment gateway supports card payments (both credit and debit), internet banking, and Alipay. Omise also offers a public Ethereum-based platform that enables users to conduct peer-to-peer transactions in both digital and fiat currencies. It has also developed a public, decentralized platform called OMG network, which offers an asset-backed blockchain gateway. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants. It includes various offerings like White-Label SDK (enables users to create an app, for wallet-to-wallet transactions of crypto and fiat currencies, loyalty points, game credits), Digital Asset Gateway (enables users to access, manage, and transact with digital assets through the OMG network), decentralized exchange (offers users with multi-asset and cross-chain interoperability) and ClearingHouse (enables clearing of transactions through Ethereum smart contracts).
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Major clients: Ascend, Minor, EventPop, Kaidi, Page365, The Pizza, Acommerce, I Love Shopping, True, Kingpower, Minor, etc.
EXISTING PARTNERSHIPS:
12go, McDonald's, Dtac, Thai Airway, Alianz Ayudhya, AXA, Kadee, Minor International, Home Pro, Tsuruha, WeLoveShopping.com, Thai Union
COMMENT
In addition to the product suits, the company has launched a blockchain-based payments platform, which enables users to conduct P2P transactions.

PEOPLE

FOUNDERS:
Ezra Don Harinsut, Jun Hasegawa
Board Members and Advisors:
Batara Eto, Gavin Wood, Anthony Petratyotin, Vitalik Buterin, Willson Cuaca, Joseph Poon
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Global Brain, 31VENTURES, SMDV, Mitsui Fudosan, SBI Holdings, Ascend Group, Golden Gate Ventures, SMDV, East Ventures, 500 Startups, True Corp, Team In Residence, Victory Square Technologies, Krungsri Finnovate
KEY EMPLOYEES:
Ezra Don Harinsut (COO), Jun Hasegawa (CEO), Robin Clart (CTO), Frederico Araujo (CIO)
COMMENT:
130+ employees with expertise across product, design, engineering, sales, and marketing.

TRACTION

VALUATION / MARKET CAP:
$17.33 MM in 2015
TRANSACTIONS COMMENT:
1000% transaction growth from 2015-2016.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$20.4 Millions
DATE OF LAST FUNDING:
Oct 2018
SEED & PRIOR FUNDING:
$300 K
SEED CLOSED ON:
Aug 2014
FUNDING SERIES:
SERIES A
$2.6 Millions Closed: Oct 2015
SERIES B
$17.5 Millions Closed: Oct 2018
COMMENTS
SERIES A : An undisclosed amount of funds were raised from Golden Gate Ventures. (Oct. 2015) SERIES B : An undisclosed amount of funds were raised from Krungsri Finnovate. (Sep. 2017)
LISTED:
NO
COMMENT:
ICO: $25 M (July 2017) According to the source, the total funding amount is $45.4M, but the company claims it has raised $50M to date. (June 2018)

LATEST RESEARCH