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Aditya Hadi Pratama · · 1 min readKrungsri Finnovate joins $41m round of Singapore digital assets exchange
Zipmex, a Singapore-based digital assets exchange, has raised US$41 million in its latest funding round.
More funding details
- Existing investor: Jump Capital
- Other investors: Krungsri Finnovate, the venture capital arm of Bank of Ayudhya, as well as Plan B Media, Master Ad (MACO) of Thailand, and Hong Kong-based MindWorks Capital
- Stage: Series B
More company updates
- Zipmex will use the new funds to grow its technology team and develop more products.
- According to the company’s statement, this marks the first investment into a digital assets platform by a top-tier bank in Southeast Asia.
- Zipmex currently operates in Singapore, Thailand, Indonesia, and Australia. It has almost 1 million clients and has processed more than US$4 billion in gross transaction volume to date.
- The company works under regulatory supervision in Indonesia and Australia, and it’s set to be licensed in Thailand. In Singapore, Zipmex is in the advanced stages of applying for a major payment institution license with the Monetary Authority of Singapore (MAS).
- Recently, Zipmex launched ZipWorld, a digital assets platform that can be integrated into the booming non-fungible token space.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon and Eileen C. Ang
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