Mineplex Valuation, Funding & Investors

Mineplex is valued at $103M as of September 2021.

Last Mineplex valuation

$103M

Series B · Sep 2021

Last Mineplex funding round

$100M

Series C · Oct 2022

Cumulative funding Mineplex raised

$126M

across 4 funding rounds

Mineplex Overview

About Mineplex

Mineplex is a Dubai-headquartered mobile cryptobank that enables cryptocurrency holders to pay utility bills, execute peer-to-peer transfers, and generate yields through token staking. Launched in 2021 as a CrossFi platform, it merges fiat financial liquidity with blockchain protocols on the BNB Smart Chain. Key components include the MineWallet for secure storage, MineSwap decentralized exchange for trading pairs, and liquidity mining pools supporting assets like MINE, BTCB, and BUSD. Users access services via iOS and Android apps, with features extending to NFT marketplaces and cross-chain bridges to Ethereum and Polygon.


Founded

2020

HQ

SingaporeSingapore

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$103M (Sep 2021)

Mineplex Valuation

Mineplex is currently valued at $103M, based on its Series B in September 2021.

Mineplex's valuation has grown 34x from $3M at its seed round in November 2020 to $103M in September 2021, across 3 priced rounds.

Mineplex valuation by funding round

Mineplex valuation by funding round
DateStageValuation
Sep 2021Series B$103M
Feb 2021Series A$26M
Nov 2020Seed$3M

Mineplex Funding History

Mineplex has raised a total of $126M across 4 funding rounds.

Mineplex's first fundraising round was a $2M seed round in November 2020. The most recent completed round was a $100M Series C in October 2022.

Mineplex funding rounds

Mineplex funding rounds
DateStageRaisedValuationDeal Summary
Oct 2022Series C$100M-The deal occurred amid a broader crypto winter, with global blockchain funding reaching $26.8B in 2022 but declining sharply in Q4 due to events like the FTX bankruptcy. This funding positioned MinePlex alongside other $100M+ mega-rounds in Q4 2022, including those for Amber Group, Fenix Games, and Orfinex, many in Asia.
Sep 2021Series B$18M$103M-
Feb 2021Series A$6M$26M-
Nov 2020Seed$2M$3M-

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Mineplex Competitors

Mineplex competitors include listed companies like Rhino Bitcoin and MNC Financial Services, and private ones like Kontigo, Unbanked, Bolide and Crypterium.

Public and private companies comparable to Mineplex
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
KontigoUnited StatesSan Francisco, CAPrivate$30M-$100M3.3x
UnbankedUnited StatesAlpharetta, GAPrivate--$115M-
Rhino BitcoinUnited StatesUnited StatesPublicly listed$478K($417K)$594M-
BolideUnited KingdomLondonPrivate--$103M-
CrypteriumEstoniaTallinnPrivate--$103M-
MNC Financial ServicesIndonesiaIndonesiaPublicly listed$210M$91M$120M-

Mineplex Public Comps

Mineplex is still privately-owned, but its public comps include MNC Financial Services, Antalpha Platform Holding, Sui Group Holdings, Stakk, DMG Blockchain Solutions, BTCS, Solana, Amber International, Neptune Digital Assets and Net digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
MNC Financial Services$210M$91M0.6x-1.3x-
Antalpha Platform Holding$80M$28M7.1x8.9x20.0x85.0x
Sui Group Holdings($249M)$3M(0.3x)26.8x26.4x(21.9x)
Stakk$884K$0K86.8x-243120.3x-
DMG Blockchain Solutions$34M$6M2.6x3.8x16.0x21.4x
BTCS$16M($30M)2.2x2.2x(1.2x)-
Solana$6M($40M)22.9x13.9x(3.4x)-
Amber International$66M$5M1.4x1.5x21.1x20.2x

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Common questions about Mineplex

When was Mineplex founded?Mineplex was founded in 2020.
Where is Mineplex headquartered?Mineplex is headquartered in Singapore, Singapore.
Is Mineplex publicly listed?No, Mineplex is a private company.
What is Mineplex's valuation?Mineplex was last valued at $103M in its Series B in September 2021.
How much funding has Mineplex raised?Mineplex has raised $126M across 4 funding rounds.
What was Mineplex's last funding round?Mineplex's last funding round was a $100M Series C in October 2022.
Which companies are comparable to Mineplex?Companies comparable to Mineplex include Kontigo, Unbanked, Rhino Bitcoin, Bolide, Crypterium and MNC Financial Services.

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