PEXX Technology
Latest round
- Seed
Last raised
- Jul 2024
Total raised
- $4.5M
Investors
- 3
About PEXX Technology
Established in 2024 by CEO Marcus Lim and based in Australia, PEXX Technology Pty Ltd provides a platform that enables users to send and receive US Dollars (USD) in the form of stablecoins (USDT and USDC) to bank accounts worldwide. PEXX’s core offering is its money transfer platform, which allows users to send stablecoins (USDT and USDC) to bank accounts in various countries. The platform is designed to handle transfers in 16 global currencies across 35 countries with an average transaction time of 15 minutes. PEXX also emphasizes the use of real-time exchange rates tied to Google Finance, ensuring that users benefit from accurate and up-to-date pricing. The company partners with Fireblocks for secure asset management and utilizes Ripple's blockchain technology for efficient cross-border transactions. The company generates revenue through a transaction fee structure with an average fee of less than 1 per cent for different currencies (min. 20 USDT or USDC).
Who invested in PEXX Technology
3 investors across 1 round
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Funding rounds
Seed
Jul 16, 2024
Amount
$4.5M
Investors
Questions about PEXX Technology
Who invested in PEXX Technology?
PEXX Technology has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has PEXX Technology raised?
PEXX Technology has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did PEXX Technology last raise money?
PEXX Technology's most recent round on record is a Seed, in Jul 2024.
What does PEXX Technology do?
Established in 2024 by CEO Marcus Lim and based in Australia, PEXX Technology Pty Ltd provides a platform that enables users to send and receive US Dollars (USD) in the form of stablecoins (USDT and USDC) to bank accounts worldwide.
Where is PEXX Technology headquartered?
PEXX Technology is headquartered in Australia.
Which VCs invest in companies like PEXX Technology?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Immutable Ventures back software companies at PEXX Technology's stage. Their profiles are linked below.
VCs backing software startups at Seed
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