Qwikwire
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Qwikwire - overview
Established
2013
Location
Manila, -, Philippines
Primary Industry
Software
About
Qwikwire is a payment solutions provider that enhances billing, payment management, and receiving processes for enterprises globally, focusing on seamless transactions across multiple currencies. Founded in 2013 in Manila, Philippines, Qwikwire specializes in payment solutions for businesses. The company has successfully completed 5 deals, with its most recent funding round occurring on February 27, 2018, where it raised USD 180,000, led by Shatter Tech Venture Holdings. The company operates independently and has not undergone any major pivots in its strategy since inception.
Qwikwire offers a global payment solution that improves billing, payment management, and receiving for enterprises. Key features of their platform include multi-currency processing, secure transactions, auto-debit capabilities, and an Enterprise Dashboard for efficient payment reconciliation. Their services cater to real estate developers and home buyers, connecting these two groups effectively across markets in Asia, North America, and Europe. In 2022, Qwikwire reported a revenue of USD 946,117.
80, complemented by an EBITDA of USD 29,624. 10. The company's revenue model is primarily based on transaction fees for its payment processing services, enabling clients to benefit from auto-debit enrollments and multi-currency support. Qwikwire aims to expand its product offerings, focusing on enhancing its platform to better serve clients in various markets.
The company is also considering expansion into new geographic regions, particularly within Asia, North America, and Europe. The recent funding of USD 180,000 will be utilized to support these initiatives, with the most recent deal occurring on February 27, 2018.
Current Investors
First Asia Venture Capital, Cerebro Labs, 500 Global
Primary Industry
Software
Sub Industries
Business Support Services, Financial Services, Accounting/Finance Software, Customer Relationship Management
Website
www.qwikwire.com
Verticals
Cloud Computing
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Qwikwire - timeline of key events
Qwikwire - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 9,943,330 | 22,638,155 | 24,179,124 | - | - | - |
| % Revenue Growth (YoY) | - | - | 127.7% | 6.8% | - | - | - |
| EBITDA (USD) | (3,795,905) | 615,356 | 1,510,131 | 2,363,037 | - | - | - |
| Operating Income (USD) | (3,855,607) | 474,434 | 1,075,499 | 1,149,450 | - | - | - |
| Operating Margin | - | 4.8% | 4.8% | 4.8% | - | - | - |
| % EBITDA Margin | - | 6.2% | 6.7% | 9.8% | - | - | - |
| NET Income (USD) | (3,855,607) | 321,171 | 751,961 | 400,450 | - | - | - |
| % Net Margin | - | 3.2% | 3.3% | 1.7% | - | - | - |
Qwikwire - employee data
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