Green Packet Berhad
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Green Packet Berhad - overview
Established
2000
Location
-, -, Malaysia
Primary Industry
Software
About
Green Packet Berhad is a Malaysia-based company specializing in telecommunications and digital technology solutions, enhancing connectivity and financial transactions through innovative products and services. Founded in 2000 in Malaysia, Green Packet Berhad focuses on telecommunications and digital solutions. The company has not indicated any significant pivots in strategy. CC Puan is recognized as the founder, with James Tee serving as the CEO.
The company raised MYR 50 million in May 2005 from Intel Capital. Green Packet has successfully completed one deal, with the most recent funding round occurring on May 19, 2008, totaling MYR 50 million. The company operates from its headquarters in Malaysia. Green Packet specializes in a diverse range of telecommunications and digital technology solutions, primarily centered around enhancing connectivity and financial transactions.
Their core offerings include kiplePay, a consumer-focused e-wallet that incorporates goal-based savings and various financial tools aimed at individuals, enterprises, government bodies, and educational institutions. The company's urban technology division delivers solutions for property access, security, and community engagement, addressing the needs of real estate and community development. Additionally, Green Packet provides 4G and 5G Customer Premises Equipment (CPE) to ensure high-speed connectivity for businesses across industries, catering to a global market including users in the Asia Pacific region. For the most recent fiscal year 2024, Green Packet reported a revenue of MYR 159,496,062.
60. The company's revenue generation model is primarily derived from the sale of telecommunications services and fintech solutions, engaging in B2B transactions with telecommunications operators while also serving individual consumers through their e-wallet services. Partnerships with businesses and government organizations further enhance revenue streams, allowing for tailored solutions that meet specific client needs. Transactional dynamics incorporate subscriptions for ongoing services and one-time fees for device sales, reflecting the company's commitment to providing accessible technology solutions.
Green Packet Berhad plans to utilize the MYR 50 million raised from Intel Capital in May 2005 to support initiatives aimed at product innovation and market expansion. The company is focusing on developing new features for their kiplePay e-wallet service and enhancing their telecommunications offerings to cater to evolving customer needs. Future expansion efforts are targeted at deeper penetration in the Asia Pacific region and exploring opportunities in emerging markets by 2025.
Current Investors
Intel Capital
Primary Industry
Software
Sub Industries
e-Financial, Connectivity Software, Internet Service Providers, Telecoms Providers & Services
Website
www.greenpacket.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Green Packet Berhad - financials
| Fiscal Year Ended | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Jun 30, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 217,815,000 | 393,968,000 | 538,526,000 | 565,999,000 | - | 430,171,000 | 526,275,000 | 366,251,000 | 358,944,000 | 398,682,000 | 608,181,000 | 617,427,000 | 546,993,000 | - | - | - |
| % Revenue Growth (YoY) | - | 80.9% | 36.7% | 5.1% | - | - | - | - | (2.0%) | 11.1% | 52.5% | 1.5% | (11.4%) | - | - | - |
| EBITDA (USD) | (152,991,000) | (122,085,000) | (12,749,000) | 40,024,000 | - | 201,962,000 | (73,117,000) | 94,761,000 | 3,219,000 | (39,584,000) | (24,613,000) | (84,133,000) | (138,824,000) | - | - | - |
| Operating Income (USD) | (174,912,000) | (209,851,000) | (145,417,000) | (81,345,000) | - | 23,064,000 | (109,711,000) | 91,315,000 | 241,000 | (44,213,000) | (31,121,000) | (90,501,000) | (149,976,000) | - | - | - |
| Operating Margin | (80.3%) | (53.3%) | (27.0%) | (14.4%) | - | 5.4% | (20.8%) | 24.9% | 0.1% | (11.1%) | (5.1%) | (14.7%) | (27.4%) | - | - | - |
| % EBITDA Margin | (70.2%) | (31.0%) | (2.4%) | 7.1% | - | 46.9% | (13.9%) | 25.9% | 0.9% | (9.9%) | (4.0%) | (13.6%) | (25.4%) | - | - | - |
| NET Income (USD) | (187,410,000) | (225,563,000) | (177,696,000) | (118,365,000) | - | (224,870,000) | (25,484,000) | 70,664,000 | (16,578,000) | (62,504,000) | (51,507,000) | (74,674,000) | (147,968,000) | - | - | - |
| % Net Margin | (86.0%) | (57.3%) | (33.0%) | (20.9%) | - | (52.3%) | (4.8%) | 19.3% | (4.6%) | (15.7%) | (8.5%) | (12.1%) | (27.1%) | - | - | - |
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