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CloudTech Group
CloudTech Group is a multinational organisation. We provide unparalleled FinTech solutions to governments, businesses and individuals worldwide
About CloudTech Group
Established in 2021, CloudTech Group is a Melbourne-based financial infrastructure firm aiming to modernize financial services in Australia through blockchain technology. The company is steered by CEO Wentao He, an experienced leader in blockchain and digital innovation, and CFO Mandy Jiang, who brings experience from the neobanking sector. The leadership team also includes professionals with backgrounds in global banking, asset management, and risk management.
CloudTech Group provides a suite of institutional-grade digital finance services for professional investors, digital-native businesses, and financial institutions. The company's business model is centered on offering blockchain-related research and development, project incubation, financial services, and consultation. A key product is CobWeb Pay, a platform that facilitates the conversion of cryptocurrency to Australian dollars for everyday transactions and includes a crypto card. Another core offering is CloudTechX, a licensed payments platform for digital currency and foreign exchange, which features an over-the-counter (OTC) trading desk for high-volume crypto and fiat currency transactions by institutional clients and high-net-worth individuals.
In June 2025, the company announced it had raised AUD$14 million in a Series A funding round, with a significant portion contributed in Bitcoin and USDT. This capital is intended to fund the launch of CloudTech Custody, a secure, institutional-grade custody solution for digital assets featuring segregated wallets and end-to-end encryption. The firm also develops custom stablecoin solutions for businesses to manage on-chain transactions and settlement. Furthering its commitment to the ecosystem, CloudTech has an Innovation Hub that supports early-stage companies and collaborates with RMIT University in a joint research lab to explore blockchain applications.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- Melbourne, Australia
- Employees
- 33
- Open positions
- None listed
- Dealroom signal
- 28.4/100
- Industry
- Fintech
- Sector
- Fintech
- Client focus
- b2b
- Investment activity
- 1 company, latest Sep 2025
- Capital deployed
- $3M
- Preferred round
- PRIVATE PLACEMENT VC
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jun 2025 | $9.1M | $36M | Undisclosed | ↗ |
| SEEDEquity / VC | Apr 2020 | $11M | $42M | Undisclosed | — |
Growth signals
Latest recorded traffic for CloudTech Group is 180 monthly website visits, down 76% over the last three months. CloudTech Group's team declined 15.4% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about CloudTech Group on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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