CardUp - About the company
CardUp is an acquired company based in Singapore (Singapore), founded in 2015 by Ramsay Nicola Louise and Nicki Ramsay. It operates as a Platform that enables reward points for large ticket credit card transactions. CardUp has raised $1.7M in funding from investors like The FinLab, SeedPlus and AMTD.
Company Details
CardUp is a platform that facilitates users of credit card holders to make big-ticket payments such as house rent, tuition fees, income tax, etc and get rewarded by earning points. The recipients of the funds don't have to register with the CardUp platform as it uses bank transfers. To offer its service, CardUp needs to develop partnerships with banks and it uses Singapore’s GIRO network, a way for locals to pay for bills, to facilitate the process. The platform uses Cybersource, a VISA credit card processing company, to take in the information, which has bank-level security and SSL encryption. The platform does not store credit card information and uses tokenization on the backend. CardUp takes a percentage from each transaction which is charged on the persons initiating the transactions. The company was selected as one of 20 finalists participating in the Hackcelerator 2016 at Singapore Fintech Festival. The company is an alumnus of UOB's FinLab accelerator program 2016. The company is reportedly has raised a pre-seed round of financing.
- Website
- www.cardup.co/
- Social
- Registered Address
- 75 AYER RAJAH CRESCENT #02-04 SINGAPORE 139953
Key Metrics
Founded Year
2015
Location
Singapore, Singapore
Stage
Acquired
Total Funding
$1.7M in 3 rounds
Latest Funding Round
Investors
Ranked
1st among 1 active competitor
Employee Count
32 as on Aug 31, 2026
Similar Companies
Exit Details
Acquired by Funding Societies (Jun 29, 2022)
Legal entities associated with CardUp
CardUp is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CARDUP PTE. LTD. UEN: 201536690R , Singapore, Active | Dec 31, 2014 | - | - |
CardUp's acquisition details
CardUp got acquired by Funding Societies on Jun 29, 2022.
Click here to take a look at CardUp's acquisition in detail
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CardUp's funding and investors
CardUp has raised a total funding of $1.7M over 3 rounds. Its first funding round was on May 18, 2016. Its latest funding round was a Seed round on Sep 14, 2020 for $*****. 1 investor participated in its latest round. CardUp has 10 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of CardUp:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 14, 2020 | 1000917 | Seed | 3561923 | 6533946 | 5542521 | 3554475 |
Mar 27, 2018 | 3269524 | Seed | 3163429 | 9584045 | 8022548 | |
May 18, 2016 | 9717937 | Seed | 5451068 | 1511390 | 1051935 |
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CardUp's founders and board of directors
Founder? Claim ProfileThe founders of CardUp are Ramsay Nicola Louise and Nicki Ramsay.
Here are the details of CardUp's key team members:
- Ramsay Nicola Louise: Co-Founder of CardUp. They serve on the boards of 2 companies.
- Nicki Ramsay: Former Co-Founder of CardUp and founder of 1 other company. They serve on the board of 1 company.
CardUp's Board of Directors
CardUp's board has 2 active members. Ramsay Nicola Louise and Nicki Ramsay are part of team.Here is the list of CardUp's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 11m | |
Team | - | Current | 10y 10m |
View details of CardUp's Founder profiles and Board Members
CardUp's employee count trend
CardUp has 32 employees as of Aug 26. Here is CardUp's employee count trend over the years:
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CardUp's Investments and acquisitions
CardUp has made no investments or acquisitions yet.
Reports related to CardUp
Here is the latest report on CardUp's sector:
News related to CardUp
Filter this list•
Modalku Group acquires CardUp as a Payments expansion stepIDNFinancials•Jun 29, 2022•Modalku, CardUp, Funding Societies
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Funding Societies to acquire payments startup CardUpThe Business Times•Jun 29, 2022•Funding Societies, CardUp
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Singapore fintech startup CardUp partners with Visa to launch in Hong KongTech in Asia•Dec 02, 2020•CardUp, Visa
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CardUp’s New Solution Enables Businesses to Use Credit Cards for Overseas B2B PaymentsFinTechnews•Dec 02, 2020•CardUp, Visa
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Fintech Firms Active.ai, Cardup, Funding Societies, PolicyPal, Transwap Receive New Investments from Singapore's AMTDCrowdfund Insider•Sep 15, 2020•AMTD, Active AI, CardUp, Funding Societies and 3 others
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AMTD fund invests S$11.5m in five Singapore-based fintech startupsThe Business Times•Sep 14, 2020•Funding Societies, Active AI, CardUp, TranSwap and 3 others
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CardUp raises $1.7M to help small businesses get more out of their credit cardsTechCrunch+•Mar 28, 2018•CardUp, SeedPlus, Sequoia Capital, Ring Labs
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This Singapore startup lets you pay for big ticket items, like rent, with credit cardse27•Nov 16, 2016•CardUp
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