TechFlow reports, according to financefeeds, that blockchain fintech startup PEXX has announced the successful completion of a $4.5 million seed funding round. The financing was led by TNB Aura, with participation from several prominent investment firms including Antler and EMO Capital. PEXX’s stablecoin payment platform enables users to directly transfer stablecoins such as Tether (USDT) and Circle (USDC) to bank accounts worldwide, streamlining cross-border payments.
PEXX will use the funds to expand its engineering and product teams, accelerating the development and optimization of its stablecoin-to-fiat payment platform, as well as scaling market and business development initiatives, starting in Southeast Asia. PEXX is registered with AUSTRAC, ensuring its operations comply with regulatory standards.
