Banxa

Banxa is an internationally compliant fiat-to-crypto gateway solution for exchanges, wallets and other cryptocurrency businesses.

Launch date

Jan 2014

Employees

Market cap

Enterprise valuation

€18m (Public information from Sep 2024)

Melbourne Victoria (HQ)

https://banxa.com/

https://twitter.com/banxaofficial https://www.linkedin.com/company/banxa-com

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Revenues, earnings & profits over time

AUD	2020	2021	2022	2023	2024	2025
Revenues	6.8m	46.0m	71.6m	80.4m	332m	339m
% growth	-	577 %	56 %	12 %	313 %	2 %
EBITDA	(<1m)	2.3m	(13.1m)	(6.6m)	-	-
% EBITDA margin	(8 %)	5 %	(18 %)	(8 %)	-	-
Profit	(4.1m)	(5.8m)	(17.3m)	(9.4m)	-	-
% profit margin	(61 %)	(13 %)	(24 %)	(12 %)	-	-
EV / revenue	-	4.0x	-	0.7x	0.1x	0.1x
EV / EBITDA	-	79.0x	-	-8.6x	-	-
R&D budget	<1m	<1m	2.3m	2.0m	-	-
R&D % of revenue	4 %	2 %	3 %	2 %	-	-

Date	Investors	Amount	Round
-	Formless Capital	N/A	-
Nov 2018	N/A	N/A	IPO
Jan 2020	Thorney Investment Group	$2.0m	Post IPO Equity
Jul 2020	Thorney Investment Group	$2.0m	Post IPO Equity
Oct 2022*	The Lind Partners	CAD3.5m	Post IPO Convertible
Apr 2023*	Thorney Investment Group Alium Capital Management	AUD5.0m	Post IPO Equity
Oct 2023*	N/A	CAD6.0m	Post IPO Convertible
Total Funding		-

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