Spark Systems - About the company
Spark Systems is a series C company based in Singapore (Singapore), founded in 2016 by Wong Seng. It operates as a Trade management solutions for forex assets. Spark Systems has raised $25M in funding from investors like HSBC, Citi and OSK Ventures International Berhad. The company has 62 active competitors, including 11 funded and 1 that has exited. Its top competitors include companies like AZA Finance, Integral and StoneX.
Company Details
Trade management solutions for forex assets. It connects private forex investors with liquidity providers through a foreign exchange marketplace. It offers low latency execution and forex aggregation solutions.
- Website
- sparksystems.sg
- Email ID
- *****@sparksystems.sg
- Phone Number
- +65 **********
- Registered Address
- 80 ROBINSON ROAD #15-03 SINGAPORE 068898
Key Metrics
Founded Year
2016
Location
Singapore, Singapore
Stage
Series C
Total Funding
$25M in 6 rounds
Latest Funding Round
Ranked
2nd among 62 active competitors
Employee Count
66 as on Mar 31, 2026
Similar Companies
Legal entities associated with Spark Systems
Spark Systems is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SPARK SYSTEMS PTE. LTD. CIN: 201611200H , Singapore, Active | Dec 31, 2015 | - | - |
Sign up to download Spark Systems' company profile
Spark Systems's funding and investors
Spark Systems has raised a total funding of $25M over 6 rounds. Its latest funding round was a Series C round on Oct 08, 2024 for $*****. 3 investors participated in its latest round. Spark Systems has 12 institutional investors.
Here is the list of recent funding rounds of Spark Systems:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 08, 2024 | 9619427 | Series C | 2730610 | 1655708 | 9679306 | 6181995 |
May 15, 2020 | 3720639 | Series B | 7809253 | 2072219 | 9413784 | |
Feb 08, 2017 | 9780402 | Series A | 9338541 | 6583684 | 9196853 |
View details of Spark Systems's funding rounds and investors
Spark Systems' founders and board of directors
Founder? Claim ProfileThe founders of Spark Systems is Wong Seng.
Here are the details of Spark Systems' key team members:
- Wong Seng: Co- Founder & CEO of Spark Systems and founder of 1 other company. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Spark Systems' Board of Directors
Spark Systems's board has 3 active members. Wong Seng is part of team and Patel Jinesh Kiran and Finian Tan Seng Chin are independent board members.Here is the list of Spark Systems' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 10m | |
Independent board member | - | Current | 8y 10m | |
jowurja | Independent board member | - | Current | 7y 4m |
{rd{wwr | Independent board member | - | Past | 6y 6m |
View details of Spark Systems's Founder profiles and Board Members
Spark Systems' employee count trend
Spark Systems has 66 employees as of Mar 26. Here is Spark Systems's employee count trend over the years:
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Spark Systems's Competitors and alternates
Top competitors of Spark Systems include AZA Finance, Integral and StoneX. Here is the list of Top 10 competitors of Spark Systems, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | AZA Finance 2013, London (United Kingdom), Series C | Software for cross-border remittance and forex management | $41.8M | 60/100 | |
2nd | Spark Systems 2016, Singapore (Singapore), Series C | Trade management solutions for forex assets | $25M | 45/100 | |
3rd | Integral 1993, Palo Alto (United States), Series B | Cloud-based trading software for financial institutions to trade in capital markets | $41M | 55/100 | |
4th | StoneX 1924, New York City (United States), Public | Trade execution solutions for multiple assets | - | 51/100 | |
5th | FDCTech 2016, Irvine (United States), Seed | Trade management solutions for forex and cryptocurrency brokers | $98K | - | 47/100 |
6th | Call Levels 2014, Singapore (Singapore), Seed | Financial news and alerts for trading | $600K | 39/100 | |
7th | Your Bourse 2015, Tallinn (Estonia), Unfunded | Practice management software for brokers | - | - | 38/100 |
8th | OpenFX 2024, San Francisco (United States), Series B | Provider of cross-border FX infrastructure and yield-generating solutions | $23M | 38/100 | |
9th | Advanced Markets 2006, London (United Kingdom), Seed | Liquidity, technology, and credit solutions to financial institutions | - | 38/100 | |
10th | Suite solutions for brokers | - | - | 37/100 |
Looking for more details on Spark Systems's competitors? Click here to see the top ones
Spark Systems's Investments and acquisitions
Spark Systems has made no investments or acquisitions yet.
Reports related to Spark Systems
Here is the latest report on Spark Systems's sector:
News related to Spark Systems
Media has covered Spark Systems for a total of 2 events in the last 1 year.
•
ATFX Announces: Strategic Investment in Spark Systems to Enhance Institutional OfferingsGlobeNewswire•Oct 08, 2024•ATFX, Spark Systems
•
ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional OfferingsFinance Magnates•Oct 08, 2024•ATFX, Spark Systems
•
Bybit Affiliate Withdraws Hong Kong VASP Application Months After Regulator Issued License WarningShareandstocks•Jun 01, 2024•Spark Systems, Bybit
•
•
Fintica AI and Spark Systems of Singapore Form Strategic PartnershipGlobal FinTech Series•May 08, 2024•Fintica, Spark Systems
•
Digital Vega partners with Spark Systems to offer FX platformThe TRADE•Feb 01, 2021•Digital Vega, Spark Systems
•
Digital Vega Collaborates with Spark Systems for FX Trading PlatformFinance Magnates•Jan 29, 2021•Digital Vega, Spark Systems
•
Singapore forex platform raises $23.5 mil in series B funding, counts HSBC and Citigroup among investorsThe Edge Singapore•May 15, 2020•HSBC, Citi, Goldman Sachs, Spark Systems and 9 others
•
Fintech Spark Systems Raises S$ 15 MillionCrowdfund Insider•May 15, 2020•Spark Systems, Citi, HSBC, OSK Ventures International Berhad and 6 others
•
Rohde & Schwarz Helps VNTA Deploy AI-based Digital TV RF Test Full Automation SystemMicrowave Journal•May 06, 2020•Rohde & Schwarz, Spark Systems
Are you a Founder ?
FAQs about Spark Systems
Explore our recently published companies
- Ritual Foods - Noida based, 2014 founded, Unfunded company
- Chaodoi - Bangkok based, 2021 founded, Unfunded company
- Cigen - Warsaw based, 2019 founded, Unfunded company
- Patient Access Initiatives - Toronto based, 2012 founded, Seed company
- Mignato - Gurugram based, 2014 founded, Unfunded company
- Impact Investment Group Aps - United States based, Unfunded company
_1581401357370.png?format=webp&height=120&width=120)