Acquisition
Oct 2023Web3Auth announced it acquired Poko Onramp Aggregator; the product was to continue under the new name Web3Auth On-Ramp Aggregator.
SourceCompany research
Public company, workplace, funding, and market signals
Overview
Poko was a Singapore-based YC W22 Web3 payments infrastructure startup founded in 2021. It built an onramp aggregator and direct-checkout SDK for wallets, marketplaces, dApps, and Web3 games, and Web3Auth announced the acquisition of Poko’s onramp aggregator in Oct 2023. Public company data is now somewhat stale/contradictory, but the core product and market are clear [YC][Web3Auth][LinkedIn].
Primary product
Onramp Aggregator + Direct Checkout SDK for Web3 payments
Founded
2021
Headquarters
Singapore, Singapore
Team size
1-10
Industry
Technology, Information and Internet
Sub-industry
Fintech / Web3 payments infrastructure
Offices
Singapore
6 METROPOLE DRIVE, Singapore 456684
Business model
B2B2C
SDK/API
enterprise software
revenue share
Funding
Stage
Seed
Total raised
$5M
Latest round
Seed · Jun 2023
Latest amount
$4.5M
People & investors
Founders
Co-Founder
Work & culture
Product & market
Pricing
Enterprise SDK/API with revenue-share partnerships; no public list price found.
Differentiators
- —Single integration to multiple local onramps
- —Routes users to the lowest-cost / highest-success payment rails
- —Claims up to 70% lower costs versus incumbent onramps
- —Claims up to 5x higher transaction success rates
- —Direct Checkout enables one-step payment into smart contracts (e.g. NFTs)
- —Supports 100+ local payment methods and broad country coverage
Technology
Python
Java
PostgreSQL
MongoDB
Redis
GraphQL
gRPC
Docker
Kubernetes
OpenAI
Customers
Web3 wallets
wallet-as-a-service providers
marketplaces
dApps
Web3 games
NFT marketplaces
DeFi applications
Competitors
MoonPay
Transak
Mercuryo
Ramp
Banxa
Onramper
Scale & contact
Estimated revenue
$1M-$10M (public profile estimate around $1.5M)
Signals & risks
Latest news
Web3Auth · Oct 2023
Announced the acquisition of Poko Onramp Aggregator and said it would continue under the Web3Auth On-Ramp Aggregator name.
TechNode Global · Jun 2023
Reported Poko’s $4.5M seed round and listed investors including Y Combinator, NAZCA, Global Founders Capital, Orange DAO, SOMA Capital, and Goodwater Capital.
Web3Auth · Apr 2023
Partnership announcement explaining that Poko’s onramp aggregator would be used to serve global wallet users with better local payment coverage.
Y Combinator · Apr 2023
Launch post describing the product, user segments, cost savings, and transaction success improvements.
Jobs and careers at Poko
0 jobs at Poko
No open positions
Check back later for new openings