RingID is a Montreal-based community social network and social-commerce platform offering voice and video calls, chat (including secret chat), newsfeed, media channels, multi-user live, a social marketplace, and an in-built wallet. The company emphasizes fintech-powered social commerce and a contributor-earn model, reporting over 20 million registered users and approximately 12–15 million monthly active users (MAU). RingID generated approximately $15 million USD in its most recent fiscal year and expects to double that figure in the next fiscal year. The company plans to use new capital to expand in South and Southeast Asian markets including Bangladesh, India, Indonesia, and the Philippines. RingID is pursuing a public listing in the coming months via a SPAC merger, reverse merger, IPO on Canadian markets, or a direct listing on NASDAQ. The company says the GEM commitment will support its growth and long-term market-leadership objectives.

Total raised

$198M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022