Miguel Cordon · · 1 min read

This deck helped Coda Payments bag $900k in seed money

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Singapore-based Coda Payments offers unbanked users an alternative payment service called Codapay. It also operates Codashop, where users can purchase game credits.

Coda Payments has a presence in 30 countries, according to its website. These include Indonesia, India, Malaysia, Singapore, Thailand, Vietnam, the United Arab Emirates, and the Philippines.

Founded in 2011 by Bobby Choi, Neil Davidson, and Paul Leishman, the firm used this deck to secure its debt round.

Fundraising journey

  • 2012: US$900,000 seed round from Golden Gate Ventures, Toivo Annus, Cento Ventures
  • 2013: US$2.3 million series A round from Rakuten, Golden Gate Ventures, CyberAgent Capital (CyberAgent Ventures), GMO VenturePartners, Toivo Annus, Ventures Lab
  • 2016: US$2 million in series A funding from Spiral Ventures (IMJ Investment Partners), GMO Global Payment Fund, Toivo Annus, Golden Gate Ventures
  • 2016: US$2 million bridge round from Spiral Ventures (IMJ Investment Partners), Toivo Annus, Golden Gate Ventures, GMO Global Payment Fund
  • 2019: US$20 million series B round from Apis Partners
  • 2022: US$690 million series C round from GIC, Smash Capital, Insight Partners

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This year, the payments major secured US$690 million in series C capital.

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