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

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

07/16/24, 2:08 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/SG.svgsingapore
Money raised
$4.5 million
Industry
fintech
financial services
Round Type
seed
Investors
Emo Capital, Antler, Tnb Aura
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 Info

Company
PEXX
Location
singapore, southeast asia, singapore
Additional Info
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.

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