When was Coda founded?

Coda was founded in 2011 and became a unicorn in 2022, reaching the milestone in 11 years. It raised its 1st funding round 8 years after its incorporation.

Where is Coda located?

Coda is headquartered in Singapore, Singapore. It is registered at 53 CRAIG ROAD #02-01 SINGAPORE 089691.

Who is the current CEO of Coda?

Shane Happach of Coda. They are also angel investors in 3 startups.

Which legal entities is Coda associated with?

Coda is associated with SEGNO PTE. LTD. and 1 other.

How many employees does Coda have?

As of Aug 31, 2026, the latest employee count at Coda is 778.

Is Coda a funded company?

Coda is a funded company, having raised a total of $710M across 2 funding rounds to date. The company's 1st funding round was a $20M Series B round, raised on Nov 19, 2019.

How much is Coda worth?

The latest valuation of Coda is $2.5B as of Dec 22, 2022.

When was the latest funding round of Coda?

Coda's latest funding was a $690M Series C round on Apr 14, 2022, with participation from 3 investors.

Is Coda a Payments company?

The primary sector of Coda is Payments.

Where does Coda rank among its competitors?

Coda ranks 115th amongst 6195 active competitors, of which 537 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Coda?

Coda's top competitors include PayPal, Stripe and Razorpay. Among them, Flutterwave secured the most recent funding round in July, 2026.

Coda - 2026 Company Profile, Team, Funding & Competitors

Coda is a series C company based in Singapore (Singapore), founded in 2011 by Neil Frederic Davidson, Paul Leishman and Bobby Choi. It operates as a Provider of merchant of record services and global payment solutions. Coda has raised $710M in funding from investors like Insight Partners, GIC and Apis Partners, with a current valuation of $2.5B. The company has 6195 active competitors, including 537 funded and 493 that have exited. Its top competitors include companies like PayPal, Stripe and Razorpay.

Sectors and market segments that Coda operate in

Coda serves in the FinTech market segments.The primary business model of Coda is:

FinTech > Payments > ***** **** > ***** ******

Company Details

Provider of merchant of record services and global payment solutions. It offers a customizable web store platform for content sales, access to a vast network of payment methods worldwide, and a global distribution network to expand reach. The company handles tax, risk, and compliance aspects for businesses operating internationally, enabling effortless scaling across multiple markets. Its services facilitate monetization beyond traditional card payments, including e-wallets and direct carrier billing. A marketplace is also provided for publishers to sell in-game currencies and digital content.

Website: www.coda.co/
Phone Number: +65 **********
Registered Address: 53 CRAIG ROAD #02-01 SINGAPORE 089691

Key Metrics

Founded Year

2011

Location

Singapore, Singapore

Stage

Series C

Total Funding

$710M in 2 rounds

Latest Funding Round

Series C, Apr 14, 2022, $690M

Post Money Valuation

$2.5B as on Dec 22, 2022

Investors

Insight Partners & 8 more

Ranked

115^th among 6195 active competitors

Employee Count

778 as on Aug 31, 2026

Investment & Acquisitions

Recharge.com

Similar Companies

PayPal & 3708 more

View Coda's full profile

Coda is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SEGNO PTE. LTD. CIN: 202140747N , Singapore, Active		-	-
CODA PAYMENTS PTE. LTD. CIN: 201136158E , Singapore, Active	Dec 31, 2010	$100M - $500M (As on Dec 31, 2023)	-

Coda has raised a total funding of $710M over 2 rounds. Its first funding round was on Nov 19, 2019. Its latest funding round was a Series C round on Apr 14, 2022 for $690M. 3 investors participated in its latest round. Coda has 9 institutional investors.

Here is the list of recent funding rounds of Coda:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 14, 2022	$690M	Series C	-	-	Insight Partners, GIC, Smash Capital	-
Nov 19, 2019	$20M	Series B	-	-	Apis Partners	-

Access funding benchmarks and valuations. Sign up today!

View details of Coda's funding rounds and investors

The founders of Coda are Neil Frederic Davidson, Paul Leishman and Bobby Choi. Shane Happach is the CEO of Coda.

Here are the details of Coda's key team members:

Neil Frederic Davidson: Former Co-Founder of Coda and founder of 3 other companies, Coda Payments, Coda Payments and CodaPay. They are also an angel investor in 2 startups.
Paul Leishman: Co-Founder of Coda. They serve on the board of 1 company.
Bobby Choi: Former Co-Founder of Coda.
Shane Happach: CEO of Coda. They are also an angel investor in 3 startups.
Contact Info: 1 email address

Coda's Board of Directors

Coda's board has 13 active members. Neil Davidson is part of team and Matteo Stefanel, Evan Michaels Richter, Raymond Wijaya, Jekaterina Annus, Gunther Vogelpoel, Kuran Pran Malhotra, Udayan Goyal, Lee Yincai Nicholas, Atul Malhotra, Nicholas Luc Smalle, Michael David Fletcher Kent and Eric Lee Hirshberg are independent board members.

Here is the list of Coda's board of directors:

Name	Type	Representing	Status	Duration
Neil Davidson	Team	-	Current	4y 9m
Paul Leishman	Team	-	Past	0y 9m
Matteo Stefanel	Independent board member	-	Current	3y 8m
Evan Michaels Richter	Independent board member	-	Current	3y 8m
Raymond Wijaya	Independent board member	-	Current	3y 8m
Jekaterina Annus	Independent board member	-	Current	2y 2m
Gunther Vogelpoel	Independent board member	-	Current	0y 8m
Kuran Pran Malhotra	Independent board member	-	Current	1y 0m
Udayan Goyal	Independent board member	-	Current	1y 0m
Lee Yincai Nicholas	Independent board member	-	Current	1y 2m
Atul Malhotra	Independent board member	-	Current	3y 8m
Nicholas Luc Smalle	Independent board member	-	Current	3y 8m
Michael David Fletcher Kent	Independent board member	-	Current	0y 8m
Eric Lee Hirshberg	Independent board member	-	Current	3y 4m
Philippe Limes	Independent board member	-	Past	1y 1m
Keiu Heinpalu	Independent board member	-	Past	1y 5m
Linda Kay Lee	Independent board member	-	Past	1y 1m

View details of Coda's Founder profiles and Board Members

Coda's employee count trend

Coda has 778 employees as of Aug 26. Here is Coda's employee count trend over the years:

Uncover Coda's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Coda include PayPal, Stripe and Razorpay. Here is the list of Top 10 competitors of Coda, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 135 others	86/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	85/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Amasia & 28 others	83/100
6th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
7th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	81/100
8th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 186 others	80/100
9th	GoCardless 2011, London (United Kingdom), Acquired	Provider of automated bank payment collection and recurring billing services	$540M	Adams Street Partners, Permira & 26 others	80/100
10th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
115th	Coda 2011, Singapore (Singapore), Series C	Provider of merchant of record services and global payment solutions	$710M	GIC, Apis Partners & 7 others	59/100