Currenxie, a cross-border payments and business accounts platform, has collected $10m in its Series A round.
This investment will help the FinTech to bolster its global commerce operations and foster the innovation of its services. Funds will go towards building new products, acquiring new licenses and authorisations, moving into new markets and hiring more staff.
The investment was led by the BF Belmont family office.
Founded in 2014, the Hong Kong-based company provides businesses of all sizes with a business account. Its services enables businesses to get bank payments directly from customers, with borderless bank payment tools.
Clients also have access to a Visa business card to manage expenses and currency exchange services to get the best conversion rates.
Gordon Kwong, the official investor representative and newly nominated director of Currenxie, said, “With their many decades’ worth of experience, the Currenxie team has developed an impressive plan for the future of payments – one that will capture the global growth in eCommerce.
“The combination of their proprietary technology, network and infrastructure demonstrates their readiness to succeed in – and shake up – the cross-border payments ecosystem and set a new standard within the financial industry. We’re excited to be a part of this journey.”
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