Aleta Planet, a Singapore-based payments solutions provider, has secured a new investment from the United Arab Emirates’ strategic management company National Pulse, according to a report from Zawya.
The financial details of the investment were not disclosed, but will support the growth of Aleta Planet’s presence in the UAE, Middle East, and Africa.
The company, founded in 2014, specializes in facilitating global payments, including those via China’s popular UnionPay platform. Aleta Planet is known for handling approximately $2bn worth of cross-border payments annually.
Aleta Planet co-founder and group chairman Ryan Gwee expressed optimism about the partnership’s potential. “With National Pulse and its portfolio companies that will be using our system, I think we can easily hit the $6 billion mark.”
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