Neobank startup iPeakoin raised nearly $10 million Series A from Zhenfund
Summary
Founded in 2020, with dual headquarters in Singapore and Hong Kong, iPeakoin has distinguished itself in the fintech landscape by bridging traditional finance and the crypto industry. The platform significantly reduces onboarding time compared to traditional banking, enabling businesses to start operations in a matter of days.In emerging markets, where crypto is increasingly used as a trading and investment asset, iPeakoins services are particularly valuable. Companies in developed markets are accepting cryptocurrency payments from these emerging-market countries, opening a lucrative sector that was previously underserved.Michael Wu, the Founder and CEO of iPeakoin, highlights the importance of crypto in cross-border corporate transactions, emphasizing its role in business operations over investment opportunities. "We see more and more companies in traditional industries are adopting crypto for various reasons, especially those operating in countries with unstable economic environment and volatile currency exchange rates", according to Robert Feng, the VP of Sales and Strategy, "Its also a good sign to see regulators formulating relevant policies so that cooperates and service providers like us know how we move forward in a compliant manner".iPeakoin is also investing heavily to build up banking infrastructures across multiple continents, including Middle East, Latin America and India. By effectively combining traditional financial infrastructure with blockchain technology, we can offer more efficient solutions that align with the evolving demands of the new business landscape.