Petra Trust Company Limited

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Petra Trust Company Limited - overview

Location

Accra, -, Ghana

Primary Industry

Financial Services

About

Petra Trust Company Limited offers blockchain-based solutions, focusing on enhancing transparency and security in sectors like finance and e-commerce through innovative technologies. Petra Trust Company Limited operates from Accra, Ghana, providing solutions that improve operational efficiencies in various sectors. The company has undergone significant changes since its formation; in February 2018, it was acquired by African Capital Alliance from LeapFrog Investments, marking a strategic transition in its business operations. Petratrust specializes in providing innovative blockchain-based solutions designed to enhance transparency and security in various sectors.


Their core offerings include a decentralized identity verification platform and a digital asset management system, which aim to streamline transaction processes and mitigate fraud. These products cater primarily to financial institutions, e-commerce platforms, and regulatory bodies, facilitating secure user authentication and asset tracking. The decentralized identity verification platform, released in early 2022, allows users to control their personal data while enabling organizations to verify identities efficiently. The digital asset management system, introduced shortly thereafter, empowers businesses to manage their digital assets securely across multiple jurisdictions, including North America, Europe, and Asia-Pacific, thereby catering to an international clientele.


Petratrust generates revenue through a subscription-based model for its services, allowing clients to access their platforms at various pricing tiers based on usage and features. Clients typically engage in annual or monthly subscription agreements, which provide them with ongoing access to the company's offerings, including updates and customer support. The transaction structure emphasizes B2B partnerships, with organizations leveraging Petratrust's solutions to enhance their operational capabilities. Revenue streams are bolstered through strategic collaborations with prominent financial institutions and tech companies that integrate Petratrust's technology into their existing systems.


The flagship products, designed for scalability and security, play a crucial role in attracting diverse client segments, thus contributing to the company's financial stability. Petra Trust Company Limited is planning to expand its product offerings with new enhancements expected to be launched by the end of 2023. The company aims to broaden its market presence, specifically targeting the African and Asian markets for expansion by early 2024. The recent acquisition by African Capital Alliance in February 2018 will facilitate these growth initiatives, enabling the company to leverage additional resources for product development and market penetration.


Current Investors

African Capital Alliance

Primary Industry

Financial Services

Sub Industries

Consumer Finance, Insurance

Website

www.petratrust.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Petra Trust Company Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedPetra Trust Company Limited-
GrowthCompletedPetra Trust Company Limited-

Displaying 1 - 2 of 2

Petra Trust Company Limited - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.