Fundz

Banxa Closes On $3.5 Million Funding From Lind Partners

PRIVATEOct 25, 2022

Amount Raised

$3.5 Million

Round Type

Seed

BlockchainCryptocurrency

Description

TORONTO, ON / October 25, 2022 / Banxa Holdings Inc. (TSXV:BNXA)(OTCQX:BNXAF)(FSE:AC00) ("Banxa" or the "Company"), the leading Web3 payments and on/off ramp solutions provider, is pleased to announce that it has closed on the funding of CAD$3,500,000 pursuant to its previously announced convertible security funding agreement (the "Funding Agreement") with Lind Global Fund II, LP, an entity managed by The Lind Partners, LLC, a New York-based institutional fund manager (together, "Lind"). All amounts are in Canadian dollars unless otherwise indicated.

Quick answer

Banxa raised $3.5 Million in a Seed round, dated October 25, 2022.

How much did Banxa raise?
Banxa raised $3.5 Million in a Seed round on October 25, 2022.
What does Banxa do?
Banxa is the leading infrastructure provider for enabling embedded crypto - empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto..

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

Companies in the same sectors as Banxa that raised within 45 days of this round, from Fundz verified event records.

  • Bitwave raised $15M (Series A) on December 6, 2022.
  • Finery Markets raised $5.5M (Seed) on November 30, 2022.
  • Ejara raised $8M (Funding Round) on November 28, 2022.
  • Fenix Games raised $150M (Funding Round) on November 24, 2022.
  • Amboss Technologies raised $3.2M (Seed) on November 18, 2022.
  • InvestDEFY raised an undisclosed amount (Corporate Round) on November 16, 2022.

Who to call at Banxa, and when

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Company Information

Company

Banxa

About

Banxa is the leading infrastructure provider for enabling embedded crypto - empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates.

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Banxa raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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