Packagd Corp.

Packagd Corp. is an innovative online gaming platform specializing in a diverse range of gaming and betting services, catering to a broad audience with engaging experiences. Packagd Corp. , founded in 2017 and headquartered in Menlo Park, US, operates as an online gaming platform.

The company has made three notable deals, with the latest being a Seed funding round on December 20, 2019, where they raised USD 1. 50 mn led by Kleiner Perkins. In December 2019, Packagd Corp. was acquired by Facebook, Inc.

, although financial terms were not disclosed. Packagd Corp. offers Hitclub, an online gaming platform that provides a variety of gaming and betting services, including traditional card games, slots, and live dealer experiences. It features popular Vietnamese card games such as Tiến Lên and Phỏm, and focuses on delivering a secure and engaging platform for users, particularly in Southeast Asia and Vietnam.

Hitclub primarily generates revenue through transactional gaming activities, where users place bets facilitated by a secure payment processing system. The platform employs direct-to-consumer transactions and offers various promotional incentives to enhance user retention. Revenue is derived from transaction fees associated with gameplay, as the company maintains a competitive position in the online gaming market. Looking ahead, Packagd Corp.

aims to leverage its recent funding to enhance its platform and expand its gaming offerings. The company plans to introduce new games and features in the near future. Additionally, they are targeting market expansion into new regions, particularly within Southeast Asia, aiming to solidify their presence by the end of 2021. The investment received in December 2019 will support these growth initiatives.