ACN Newswire

XanPool Payments Infrastructure Builder Secures US$27M to Consolidate Presence in APAC and Expand Service Offerings

indie
3 minutes

Hong Kong, Oct 22, 2021 - (ACN Newswire via SEAPRWire.com) - XanPool, a payments infrastructure builder that operates in over 13 countries in the Asia Pacific, has raised US$27 Million in a Series A financing round led by Valar Ventures, alongside investors such as CMT Digital, and notable angel investor Taavet Hinrikus (Founder and Chairman of Wise, formerly Transferwise).Commenting on XanPool's ambitions in the APAC region, James Fitzgerald from Valar Ventures states: "It's impressive seeing how XanPool has capitalized on the adoption of cryptocurrency to build a decentralized payment network powered by this new asset class. This space is evolving quickly; the incumbents aren't going to know what hit them."XanPool is a Payments and Liquidity Network. Similar to Mastercard or Visa, but instead of having a closed network of banks as partners, XanPool's open C2C network is made out of individuals and businesses, whose idle capital is used to settle cross-currency, and cryptocurrency transactions. By doing this, XanPool reduces the counterparty risk and costs associated with these forms of transfers, while also allowing the individual and business liquidity providers to earn fees of ...

SeaPRwire

XanPool, Payments Infrastructure Builder Secured $27 Million USD to Consolidate Its Presence in APAC and Expand Its Service Offerings

pandora
4 minutes

Hong Kong / SEAPRWire / October 22, 2021 / – XanPool, a payments infrastructure builder that operates in over 13 countries in the Asia Pacific, has raised US$27 Million in a Series A financing round led by Valar Ventures, alongside investors such as CMT Digital, and notable angel investor Taavet Hinrikus (Founder and Chairman of Wise, formerly Transferwise). Existing investors include Gumi Cryptos, and Antler. Commenting on XanPool’s ambitions in the APAC region, James Fitzgerald from Valar Ventures states: “It’s impressive seeing how XanPool has capitalized on the adoption of cryptocurrency to build a decentralized payment network powered by this new asset class. This space is evolving quickly; the incumbents aren’t going to know what hit them.” XanPool is a Payments and Liquidity Network. Similar to Mastercard or Visa, but instead of having a closed network of banks as partners, XanPool’s open C2C network is made out of individuals and businesses, whose idle capital is used to settle cross-currency, and cryptocurrency transactions. By doing this, XanPool reduces the counterparty risk and costs associated with these forms of transfers, while also allowing the individual and busine...