PEXX

PEXX

Global money transfer tool enabling fast, secure, and low-cost USDT to fiat conversions using blockchain technology. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€16—25m (Dealroom.co estimates Jul 2024.)
Northwest Singapore (HQ)
  • Edit
DateInvestorsAmountRound
*

$4.5m

Seed
Total Funding€4.1m

Recent News about PEXX

Edit
More about PEXXinfo icon
Edit

PEXX operates in the financial technology sector, providing a platform for fast, secure, and cost-effective money transfers. The company primarily serves individuals and businesses looking to convert USDT (a type of cryptocurrency) to local currencies. PEXX leverages blockchain technology to bypass traditional banking systems, reducing transaction costs and speeding up the transfer process. The platform guarantees that transactions clear within 24 hours, with most transfers arriving in seconds. PEXX's business model revolves around charging lower fees compared to conventional banks and exchange services, making it an attractive option for users seeking efficient and affordable money transfers. The company ensures the security of funds and personal information through partnerships with leading banks, advanced encryption technologies, and stringent data protection measures. PEXX's target market includes crypto enthusiasts, international businesses, and individuals needing quick and reliable money transfer solutions.

Keywords: blockchain, USDT, fiat conversion, low-cost transfers, fast transactions, secure platform, financial technology, crypto to fiat, data protection, global transfers.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.

Investments by PEXX

Edit
Chain Debrief
ACQUISITION by PEXX Aug 2024