PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-to-Fiat Payment Platform

Jul 16, 2024•over 1 year ago

Amount Raised

$4.5 Million

Round Type

seed

SingaporeFintechFinancial Services

Investors

Emo CapitalAntlerTnb Aura

Description

PEXX, a pioneering fintech startup specialising in cryptocurrency and blockchain technology, has successfully closed a $4.5 million seed funding round. This significant investment will propel the development of the company’s innovative stablecoin-to-fiat payment platform, set to revolutionise the way people transfer currencies across borders.

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

1 contact

Funding Insights

Based on industry data

VC-backed spending patterns