When was UpBanx founded?

UpBanx was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is UpBanx located?

UpBanx is headquartered in Jakarta, Indonesia.

Who is the current CEO of UpBanx?

Wafa Taftazani of UpBanx. They have also founded 2 companies.

How many employees does UpBanx have?

As of Mar 31, 2026, the latest employee count at UpBanx is 22.

Is UpBanx a funded company?

UpBanx is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jan 01, 2022.

When was the latest funding round of UpBanx?

UpBanx's latest funding was a $***** Seed round on Jan 01, 2022, with participation from 19 investors.

Where does UpBanx rank among its competitors?

UpBanx ranks 3rd amongst 11 active competitors, only 1 of which is funded. UpBanx, which secured $5.2M in Jan, 2022.

Who are the top competitors of UpBanx?

UpBanx's top competitors include Bank Raya, Bank Neo Commerce and Alumak. Among them, UpBanx secured the most recent funding round in January, 2022.

UpBanx - 2026 Company Profile, Team, Funding & Competitors

UpBanx is a seed company based in Jakarta (Indonesia), founded in 2021 by Wafa Taftazani and Alif Jafar Fatkhurrohman. It operates as a Digital bank for businesses. UpBanx has raised $5.2M in funding from Y Combinator. The company has 11 active competitors, including 1 funded and 2 that have exited. Its top competitors include companies like Bank Raya, Bank Neo Commerce and Alumak.

Company Details

Digital bank for businesses. It offers multiple digital financial services for creators, brands, freelancers, agencies, and more. It provides business accounts with returns, financing options, money management tools, and more. It features partnerships with creators, digital asset launching, investment raising, and more.

Website: upbanx.com
Social

Key Metrics

Founded Year

2021

Location

Jakarta, Indonesia

Stage

Seed

Total Funding

$5.2M in 1 round

Latest Funding Round

Seed, Jan 01, 2022, $*****

Investors

Y Combinator & 18 more

Ranked

3^rd among 11 active competitors

Employee Count

22 as on Mar 31, 2026

Similar Companies

Brex & 223 more

View UpBanx's full profile

UpBanx has raised a total funding of $5.2M over 1 round. Its latest funding round was a Seed round on Jan 01, 2022 for $*****. 19 investors participated in its latest round. UpBanx has 6 institutional investors and 13 angel investors.

Here is the list of recent funding rounds of UpBanx:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 01, 2022	1955237	Seed	8913344	2292056	9988569	7085720

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View details of UpBanx's funding rounds and investors

The founders of UpBanx are Wafa Taftazani and Alif Jafar Fatkhurrohman. Wafa Taftazani is the CEO of UpBanx.

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

Wafa Taftazani: Co-Founder & CEO of UpBanx and founder of 1 other company.
Contact Info: 1 email address
Alif Jafar Fatkhurrohman: Co-Founder & CTO of UpBanx.

View details of UpBanx's Founder profiles and Board Members

UpBanx's employee count trend

UpBanx has 22 employees as of Mar 26. Here is UpBanx's employee count trend over the years:

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Top competitors of UpBanx include Bank Raya, Bank Neo Commerce and Alumak. Here is the list of Top 10 competitors of UpBanx, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bank Raya 1989, Jakarta (Indonesia), Unfunded	Internet first bank through partnership for gig economy	-	-	57/100
2nd	Bank Neo Commerce 2020, Jakarta (Indonesia), Acquired	Digital bank for individuals and business	-	Provident Growth	47/100
3rd	UpBanx 2021, Jakarta (Indonesia), Seed	Digital bank for businesses	$5.2M	Y Combinator, Alpha JWC Ventures & 17 others	41/100
4th	Alumak 2019, Jakarta (Indonesia), Unfunded	Digital banks for startups and businesses	-	-	32/100
5th	BCA Digital 1965, Jakarta (Indonesia), Unfunded	Digital bank for individuals and businesses	-	-	30/100
6th	Global Transaction Banking Specialist 2021, Jakarta (Indonesia), Unfunded	Provider of professional certifications in transaction banking	-	-	23/100
7th	Bank Prima Dadi Arta 2022, Kediri (Indonesia), Acquired	Internet-first bank through bank partnership for consumers and businesses	-	-	20/100
8th	Bank Net 2020, Jakarta (Indonesia), Deadpooled	Sharia-compliant digital bank for individuals & businesses	-	-	18/100
9th	Kcls Swift 2024, Jakarta (Indonesia), Unfunded	Platform offering online banking solutions for businesses	-	-	16/100
10th	MFBRIRI20 2022, Jakarta (Indonesia), Unfunded	It offers online banking, loans, mortgages, and credit cards	-	-	16/100