PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-to-Fiat Payment Platform
Summary
SINGAPORE, July 17, 2024 /PRNewswire/ -- , 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 companys innovative , 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 EMO Capital, early backers of Filecoin and other notable VC and crypto investors highlighting strong investor confidence in PEXXs vision and potential.PEXXs payment platform allows users holding stablecoins from Tether (USDT) and Circle (USDC) to transfer their assets directly to a bank account globally. This achievement underscores PEXXs commitment to stringent compliance, robust security measures, and fostering customer trust.PEXX offers a seamless solution for users and businesses to convert stablecoins (USDT and USDC), into 16 different fiat currencies . 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. PEXXs innovative platform bridges the gap between traditional finance and the world of cryptocurrencies, making global money transfers seamless and efficient.For more information, please visit [linktr.ee/pexxme](https://linktr.ee/pexxme) or contact the media relations team below.Feel free to reach out to our community managers for help:
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