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About DBS Accelerator
DBS Accelerator, an accelerator and incubator program founded in 2015, is based in Hong Kong, China. With a presence in 7 countries, it has supported around 14 startups in sectors like Enterprise Applications, FinTech. As of Oct 2026, DBS Accelerator has witnessed 2 portfolio exits. Most notable companies in
its portfolio include FOMO Pay, Xfers and Currenxie. The program primarily supports Seed startups based in China. Its latest investment was a Undisclosed Seed round in Dollarsmart Global on 2015.
DBS Accelerator's List of Top Investments
DBS Accelerator has a portfolio of 14 companies. Their most notable investmentis in Dollarsmart GlobalTheir portfolio spans across China, Singapore, Thailand and 4 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 8 other sectors, across stages such as Seed stage. Here is the list of top investments by DBS Accelerator:
1. FOMO Pay
Provider of digital payment solutions and treasury management services for businesses. The company facilitates multi-currency virtual accounts and payment processing for merchants and institutions. It offers access to private and public markets. The company provides digital financial solutions for transactional banking and wealth management.
Key facts about FOMO Pay
- Founded Year: 2015
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2022
- Stage: Acquired
- Total Funding till date: $13M
- Employee Count: 92 as on Sep 30, 2026
- Investors: Republic Capital, Archerman Capital and 10 Others
- Latest Funding Round: Series A, Aug 18, 2022, $*****
- Highlight: Acquired
2. Xfers
A financial technology company that provides electronic payment processing and internet banking transfer services. It offers electronic money issuance services, focusing on making financial services more accessible for businesses. It provides QR-based payments, bulk transfers, money transfers, and more.
Key facts about Xfers
- Founded Year: 2014
- Location: Singapore (Singapore)
- Stage: Series A
- Total Funding till date: $32.5M
- Employee Count: 26 as on Aug 31, 2026
- Investors: Convergence Ventures, AC Ventures and 14 Others
- Latest Funding Round: Series A, Mar 04, 2021, $*****
- Highlight: Editors' Pick
3. Currenxie
Payment gateway solutions for international B2B payments. It offers a P2P marketplace in USD/HKD enabling clients to transact with each other in real-time and anonymously. It provides solutions to importers, exporters, manufacturers, retailers, and financial services firms.
Key facts about Currenxie
- Founded Year: 2014
- Location: Hong Kong (China)
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 82 as on Aug 31, 2026
- Investors: DBS Accelerator and BF Belmont
- Latest Funding Round: Series A, Aug 12, 2021, $*****
- Highlight: Editors' Pick
4. NetGuardians
NetGuardians is a software company that provides fraud and risk assurance solutions, leveraging Big Data to correlate and analyze behaviours across the entire bank system. It allows users to predefined controls correlate user behaviour activities from multiple sources and financial transactions. It enables users to identify fraud patterns and regulations change every day and keep these pre-defined controls up to date so the banks always stay compliant. Clients include Zenith, REYL, KWFT, Gonet and BCN.
Key facts about NetGuardians
- Founded Year: 2007
- Location: Yverdon les Bains (Switzerland)
- Stage: Acquired
- Total Funding till date: $35.4M
- Employee Count: 160 as on May 31, 2026
- Investors: Verve Ventures, Pictet Group and 9 Others
- Latest Funding Round: Series D, Dec 15, 2020, $*****
- Highlight: Acquired
5. Monexo
Monexo is an online marketplace which allows borrowers to borrow money in lieu of future rental income of their property. It allows the loans between HK$50,000 and HK$1M or up to 48x of monthly rental for a loan tenure ranging between 6-48 months. It considers private residential, private office, private commercial and private industrial properties for loans. It charges a one time application fee and a percentage of the loan amount as fee from borrowers. Investors on the platform can lend from HK$1,000 in different loans and diversify their portfolio. Lenders need to have a minimum of HK$100,000 in their account to start investing. It provides a conditional insurance coverage of up to HK$600,000 to investor and up to legal costs of proceedings to the borrower. It charges a one-time application fee and a percentage of monthly repayments as fee from lenders.
Key facts about Monexo
- Founded Year: 2014
- Location: Hong Kong (China)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.09M
- Employee Count: 44 as on Aug 31, 2026
- Investors: Capital First, DBS Accelerator and 10 Others
- Latest Funding Round: Seed, Mar 31, 2021, $*****
DBS Accelerator's Investments by Stage
DBS Accelerator has made 2 investments in Seed stage.DBS Accelerator's Investments by Sector
DBS Accelerator has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications and Retail. Notably, it has invested in 13 Tech companies, 12 Enterprise (B2B) companies, 11 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
FinTech | 2 |
Enterprise Applications | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
DBS Accelerator's Investments by Geography
DBS Accelerator has made most investments in China (1), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 1 |
Singapore | 1 |
Thailand | 1 |
Note: We have considered here, only first round of investments
DBS Accelerator's recent investments
DBS Accelerator has not made any investment in 2026 so far.Here are the most recent investments by DBS Accelerator:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2015 | Thailand | Seed | 6210 | - | |
2015 | China | Seed | 2155 | - |
Acquired companies in DBS Accelerator's Portfolio
2 companies from DBS Accelerator's portfolio have been acquired. The most recent acquisition was NetGuardians in Sep 2024 by Summa Equity for $*****.Here are DBS Accelerator's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2024 | - | - | 8693 | |
Jul 06, 2020 | - | - | 3602 |
Co-investors of DBS Accelerator
Over the past 11 years, one investor has co-invested in DBS Accelerator's portfolio companies. This includes funds and angels.
- Invested after DBS Accelerator: BF Belmont (1 company) is the only investor which has invested in DBS Accelerator's portfolio after their investments.
