logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

PEXX acquires Singapore-based blockchain media platform Chain Debrief to enrich user experience

Aug 20, 2024over 1 year ago

Acquiring Company

PEXX

Acquired Company

Chain Debrief

SingaporeSingaporeFintechFinancial ServicesCryptocurrencyBlockchainEducation

Description

PEXX, an innovative fintech startup specialising in stablecoin cross-border payments, has announced the acquisition of Singapore-based blockchain media platform, Chain Debrief. This strategic move aims to enrich PEXX's platform by integrating Chain Debrief’s extensive library of content, including articles, tutorials, and expert analyses, directly into the user experience. The acquisition aligns with PEXX’s commitment to expanding its footprint and fostering deeper engagement within the global blockchain community, empowering users with the knowledge and tools they need to navigate the complex world of blockchain and cryptocurrencies.

Company Information

Company

PEXX

Location

Singapore, Southeast Asia, Singapore

About

PEXX is a pioneering stablecoin cross-border payment platform that simplifies global money transfers. By offering secure, fast, and cost-effective solutions, PEXX enables users and businesses to off-ramp stablecoins like USDT and USDC to fiat in 16 currencies directly into bank accounts. PEXX has obtained AUSTRAC registration, ensuring regulatory compliance and fostering customer trust.

Related People

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed