WadzPay, a blockchain technology and financial services company, has secured a significant funding commitment from GEM Global Yield (GEM).
Founded in 2018 in Singapore, WadzPay aims to drive financial inclusion and transform the virtual asset financial services industry.
The company announced a Share Subscription Facility (SSF) agreement with GEM worth SGD 50m, equivalent to $36.7m. This funding will support WadzPay’s strategic growth through acquisitions, partnerships, and organic expansion initiatives.
WadzPay provides a SaaS-based blockchain platform offering secure and efficient solutions for businesses and consumers. Its services include virtual asset transaction processing, custody, and settlement, with operations spanning Asia Pacific, the Middle East, Africa, Europe, and the Americas. The company collaborates with international firms, banks, and FinTechs to deliver virtual asset-based financial solutions.
Anish Jain, founder and CEO of WadzPay, expressed enthusiasm for the partnership, stating: “This partnership with GEM is a powerful validation of the transformative impact WadzPay is making in the financial services and blockchain space. Securing this substantial commitment early in our journey fuels our mission and equips us with the resources to accelerate innovation and scale rapidly. We are thrilled to have GEM’s support as we pursue our public listing and expand our global reach.”
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