PEXX raises $4.5 million in seed funding for its innovative stablecoin-to-fiat payment platform
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PEXX raises $4.5 million in seed funding for its innovative stablecoin-to-fiat payment platform
PEXX's payment platform enables users holding Tether (USDT) and Circle (USDC) stablecoins to directly transfer their digital assets to bank accounts worldwide.
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PEXX has announced the successful raise of $4.5 million in funding, marking a significant milestone for the pioneering fintech startup focused on cryptocurrency and blockchain technology. This substantial investment will accelerate the development of its innovative stablecoin-to-fiat payment platform, poised to revolutionize how individuals and businesses transfer monetary assets across borders.
This strategic investment round was led by EMO Capital, an early-stage venture firm in the web3 space. PEXX previously secured funding led by TNB Aura, with participation from global early-stage venture firm Antler, as well as early investors from prominent crypto projects including Chainlink and Filecoin—demonstrating strong investor confidence in PEXX’s vision and growth potential.
PEXX’s payment platform enables users holding Tether (USDT) and Circle (USDC) stablecoins to directly transfer their digital assets into bank accounts worldwide. The platform empowers both individuals and enterprises to conduct cross-border asset transfers seamlessly—without relying on intermediaries or traditional banking infrastructure.
“We are thrilled to have secured this funding with the trust and support of our investors, which will allow us to further develop PEXX’s stablecoin-to-fiat payment platform,” said Marcus Lim, Founder and CEO of PEXX. “The usage and demand for stablecoins are growing rapidly, and the trend toward mainstream adoption is clear. There is an increasingly urgent need for practical solutions enabling direct conversion of cryptocurrencies like USDT and USDC into bank accounts—and that demand will only continue to rise.”
The new capital will be allocated toward incentivizing PEXX’s engineering and product teams, as well as scaling marketing and business expansion efforts—starting with Southeast Asia.
In addition to financial backing, strategic investor EMO Capital will provide ongoing support in Web3 marketing strategy and brand development. Their hands-on, efficient post-investment team will play a key role in helping PEXX achieve user growth, business expansion, brand building, compliance frameworks, future fundraising, and strategic acquisitions.
Angelina Tu, Co-Founder of EMO Capital, commented: “Many payment providers are striving to bring traditional internet users into the crypto space, but the PEXX team delivers the best solution for ‘crypto world’ users to make payments and spend in the ‘real world’—building a compliant, respected, and protected bridge. This aligns perfectly with EMO Capital’s current focus, and we offer PEXX our full support.”
Vicknesh R Pillay, Founding Partner at TNB Aura, added: “PEXX addresses a critical need in B2B cross-border Web3 payments. With Marcus leading the team, we’re excited to support their journey in reshaping the financial payments landscape.”
Jussi Salovaara, Co-Founder and Managing Partner at Antler, stated: “We’re proud to back PEXX as they build a transformative payment platform that bridges the gap between stablecoins and traditional banking. This streamlined approach to cross-border payments aligns perfectly with our mission to nurture innovative fintech solutions.”
In May 2024, PEXX obtained an AUSTRAC license, ensuring compliance with the highest government regulatory standards. This allows PEXX to operate as both a remittance service provider and a digital currency exchange provider. This achievement underscores PEXX’s commitment to strict regulatory adherence, robust security measures, and building long-term customer trust.
PEXX offers a seamless payment solution that enables users and businesses to convert stablecoins (USDT and USDC) into 16 different fiat currencies. With direct bank transfers, PEXX simplifies the process of converting cryptocurrency to fiat, allowing funds to be deposited into designated bank accounts within minutes—compared to the days required by traditional banking solutions.
About PEXX:
PEXX’s groundbreaking stablecoin cross-border payment platform is redefining global money transfers. By delivering secure, fast, and cost-effective solutions, PEXX enables users and enterprises to convert stablecoins such as USDT and USDC into 16 fiat currencies and deposit them directly into bank accounts. PEXX’s innovative platform breaks down the silos between traditional finance and cryptocurrency, paving the way for smooth, efficient global transactions.
For more information, visit linktr.ee/pexxme or contact the media relations team below.
Media Contact:
PEXX Marketing Team
PEXX Technology Pte Ltd
For assistance, feel free to reach out to our community manager: https://t.me/PEXXOfficial
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