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

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Cointime2024/07/16 14:04

By:Cointime

PEXX, a fintech startup specializing in cryptocurrency and Blockchain technology, has announced the successful closure of a $4.5 million seed funding round led by TNB Aura, with participation from Antler and EMO Capital. The investment will be used to develop PEXX's stablecoin-to-fiat payment platform, which allows users to transfer stablecoins directly to a bank account globally without intermediaries or bank accounts. The platform currently supports USDT and USDC stablecoins and enables direct transfers into 16 different fiat currencies. PEXX has obtained AUSTRAC registration, ensuring compliance with regulatory standards and fostering customer trust.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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