Smartnet
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.
Smartnet - overview
Established
2015
Location
Ho Chi Minh City, -, Vietnam
Primary Industry
Financial Services
About
Smartnet is a technology solutions provider that enhances operational efficiencies through innovative software applications. Their focus is on data management, analytics, and automation across various industries. Founded in 2015, Smartnet is based in Ho Chi Minh City, Vietnam. The company specializes in technology solutions that streamline business processes for mid to large-sized enterprises.
Smartnet was founded by Terrence Ramiah, and it has successfully raised JPY 1. 3 billion through an Acquisition round led by Sumitomo Mitsui Banking Corporation in November 2022. This funding has enabled the company to solidify its operations and expand its presence in the Fintech sector across Asia. Smartnet has engaged in one deal to date, and the total amount raised by the company is JPY 1.
3 billion. Smartnet offers a suite of software applications designed to improve data management, analytics, and automation. These solutions help address issues such as data silos and manual reporting inefficiencies, serving clients in sectors like retail, healthcare, and financial services. The products are utilized by data analysts, business managers, and executives, and they are marketed in North America, Europe, and parts of Asia, demonstrating a broad international reach.
In the most recent fiscal year 2023, Smartnet reported a revenue of JPY 29,723,232 with an EBITDA of JPY -13,777,932. The company generates income through subscription models and direct sales of its software solutions, enhancing client relationships and ensuring steady revenue through annual or multi-year contracts. Looking ahead, Smartnet is poised to launch new products that aim to further refine their software offerings, although specific release dates have yet to be disclosed. The recent acquisition funding will be directed towards expanding their Fintech business across Asia, targeting new markets for growth.
The investment from Sumitomo Mitsui Banking Corporation will play a pivotal role in facilitating these expansions, reflecting the company's strategic vision for the upcoming years.
Primary Industry
Financial Services
Sub Industries
Commercial Banks, Consumer Finance, e-Financial, Accounting/Finance Software
Website
https://smartnetvn.com.vn/
Verticals
FinTech, FinTech, FinTech, FinTech, Mobile Apps
Total Amount Raised
Subscriber access only
Smartnet - 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 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 203,839,728,273 | 146,574,079,522 | 122,038,575,571 | 139,076,426,109 | 178,209,816,605 | 293,735,891,151 | - | - | - |
| % Revenue Growth (YoY) | - | (28.1%) | (16.7%) | 14.0% | 28.1% | 64.8% | - | - | - |
| EBITDA (USD) | 14,404,122,621 | (482,593,469) | (109,068,308,634) | (152,420,200,198) | (256,642,051,337) | (328,283,376,241) | - | - | - |
| Operating Income (USD) | 14,393,705,956 | (482,593,469) | (109,068,308,634) | (152,420,200,198) | (256,642,051,337) | (328,283,376,241) | - | - | - |
| Operating Margin | 7.1% | (0.3%) | (89.4%) | (109.6%) | (144.0%) | (111.8%) | - | - | - |
| % EBITDA Margin | 7.1% | (0.3%) | (89.4%) | (109.6%) | (144.0%) | (111.8%) | - | - | - |
| NET Income (USD) | 11,440,578,954 | 602,889 | (107,764,422,124) | (152,209,513,776) | (254,909,618,094) | (326,693,155,462) | - | - | - |
| % Net Margin | 5.6% | 0.0% | (88.3%) | (109.4%) | (143.0%) | (111.2%) | - | - | - |
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.