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PEXX - Seed
Overview
Funding Date
July 16, 2024
Financing amount
$4.5M
Valuation
--
Category
Subcategory
About PEXX - Seed
PEXX, a pioneering fintech startup specialising in cryptocurrency and blockchain technology, today announced the successful closure of a $4.5 million seed funding. 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.
The funding included 1 round led by TNB AURA, with participation from global early-stage VC Antler, plus further strategic investment from EMOCapital, early backers of Filecoin and other notable VC and crypto investors highlighting strong investor confidence in PEXX's vision and potential.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Singapore | -- | 1 | -- | ||
| Fund | Singapore | 2017 | 11 | -- | ||
| Fund | Singapore | -- | 1 | -- |
Company Profile / Project Introduction
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's innovative platform bridges the gap between traditional finance and the world of cryptocurrencies, making global money transfers seamless and efficient.