What Does Zipmex Do?

Total employees120
HeadquartersSingapore
Founded2018

Zipmex is a digital asset exchange platform that was founded in 2018, with operations primarily focused on Southeast Asia (Singapore, Thailand, Indonesia) and Australia. It aimed to provide users with a secure and accessible platform for buying, selling, and trading a variety of cryptocurrencies. The company offered features like an exchange, a ZMT token, and interest-bearing accounts (ZipUp+). However, Zipmex faced significant financial difficulties starting in mid-2022 due to exposure to troubled crypto lenders like Babel Finance and Celsius, leading to a halt in withdrawals and subsequent restructuring efforts across its various entities. The company has since been under creditor protection and seeking new investment to resume full operations and repay customers.

Where Is Zipmex's Headquarters?

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*Images sourced via web search. Rights belong to original owners

HQ Function

The Singapore headquarters serves as the central operational and strategic hub, overseeing global strategy, product development, regulatory compliance coordination, and investor relations.

Notable Features:

Located in Paya Lebar Quarter, a modern mixed-use development known for its contemporary architecture, green spaces, and excellent connectivity via the Paya Lebar MRT interchange. The area boasts retail, dining, and office facilities.

Work Culture:

Prior to its financial challenges, Zipmex likely fostered a fast-paced, innovative work culture typical of fintech startups, emphasizing growth and market expansion. The recent period has likely shifted focus towards resilience, problem-solving, and crisis management.

HQ Significance:

Singapore's strategic location, strong regulatory framework (though evolving for crypto), and status as a fintech hub make it a significant base for companies like Zipmex aiming for regional and global reach. It provides access to talent and a sophisticated financial ecosystem.

Values Reflected in HQ: The choice of a modern, well-connected business hub likely reflected an ambition for innovation, professionalism, and accessibility, values common in the fintech sector.

Location:

Zipmex established its primary presence across four key Asia-Pacific markets: Singapore (global HQ and local market), Thailand, Indonesia, and Australia. Functions supported globally and regionally included cryptocurrency trading platforms, digital wallet services, local currency on-ramps and off-ramps, customer support tailored to each language and market, localized marketing and business development, and navigating the specific regulatory landscapes of each country. Due to recent financial difficulties, the operational capacity and scope in these regions have been significantly impacted and are subject to ongoing restructuring.

Street Address:

1 Paya Lebar Link, #04-01 Paya Lebar Quarter 1

City:

Singapore

State/Province:

Singapore

Country:

Singapore

Where Else Does Zipmex Operate Around the World?

Bangkok, Thailand

Address: FYI Center Building, Tower 1, 11th Floor, Unit 1/1101-1103, 2525 Rama IV Rd, Khlong Toei, Bangkok 10110, Thailand

To cater specifically to the Thai cryptocurrency market, providing localized services, partnerships, and ensuring compliance with national regulations.

Jakarta, Indonesia

Address: MidPlaza 2, 17th Floor, Jl. Jenderal Sudirman Kav. 10-11, Jakarta Pusat 10220, Indonesia

To establish and grow Zipmex's presence in Indonesia, a significant and expanding market for digital assets in Southeast Asia.

Sydney, Australia

Address: Level 24, Three International Towers, 300 Barangaroo Avenue, Sydney NSW 2000, Australia (Previous Address, current status may vary)

To serve Australian cryptocurrency users and navigate the regulatory landscape in Australia, facilitating AUD deposits/withdrawals and tailored services.

Buying Intent Signals for Zipmex

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Zipmex? Meet the Executive Team

As of April 2025, Zipmex' leadership includes:

Marcus Lim - Co-Founder & Group CEO
Akalarp Yimwilai - Co-Founder & CEO, Zipmex Thailand
Ken Tabuki - Group Chief Financial Officer
James Tippett - Chief Operating Officer (Appointed March 2023)

Who's Investing in Zipmex?

Zipmex has been backed by several prominent investors over the years, including:

Krungsri Finnovate (Bank of Ayudhya's CVC)
Plan B Media PLC
MindWorks Capital
B Capital Group
V Ventures (subsidiary of Thoresen Thai Agencies)
Master Ad PLC (Maco)
Jump Capital

What Leadership Changes Has Zipmex Seen Recently?

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Exits1

Zipmex has undergone executive changes amidst its financial restructuring. Notably, Proudsiri 'Pim' Tzouvani, the Group Chief Legal Officer, resigned in late 2023. The company also appointed a new COO in early 2023. The primary focus has been on navigating the crisis and securing the company's future.

Departures

Proudsiri 'Pim' Tzouvani, Proudsiri Tzouvani resigned as Group Chief Legal Officer amidst the company's ongoing financial restructuring and legal proceedings.

New Appointments:

James Tippett, James Tippett was appointed as the new Chief Operating Officer, bringing experience to support the company's operational overhaul during its restructuring phase.

What Technology (Tech Stack) Is Used byZipmex?

Discover the tools Zipmex uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Zipmex Email Formats and Examples

Zipmex likely uses common corporate email formats. Based on publicly available information and common patterns, the most probable formats are [first_name].[last_name]@zipmex.com or [first_initial][last_name]@zipmex.com.

first.last@zipmex.com or flast@zipmex.com

Format

marcus.lim@zipmex.com

Example

70%

Success rate

What's the Latest News About Zipmex?

The Business Times • March 27, 2024

Zipmex gets six-month extension for debt moratorium in Singapore

A Singapore court granted Zipmex Asia a six-month extension of its debt moratorium, now valid until September 27, 2024. This extension allows the troubled cryptocurrency exchange more time to finalize its restructuring plan and secure new investment....more

CoinDesk • February 23, 2024

Thai SEC Orders Zipmex to Temporarily Suspend Services

Thailand's Securities and Exchange Commission (SEC) ordered Zipmex's Thai unit to temporarily suspend its digital-asset exchange and brokerage services. The regulator cited insufficient net capital and concerns over the company's financial position and management structure....more

Reuters • November 24, 2023

Crypto exchange Zipmex says has received interest from potential investors

Zipmex announced it had received expressions of interest from several potential investors as it continues its restructuring process. The company stated it was actively engaging with these parties to secure a deal that would allow it to resolve its financial issues and continue operations....more

Bloomberg • July 21, 2023

Zipmex Gets Court Nod for Creditor Meetings on Recovery Plan

Zipmex received approval from a Singapore court to convene meetings with its creditors to vote on a proposed restructuring plan. This was a key step in the company's efforts to recover from its liquidity crisis that began in 2022....more

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