Singapore-based main funds establishment licensee FOMO Pay introduced that it has secured a US$ 13 million funding for its Sequence A funding spherical led by Bounce Crypto.
Different collaborating buyers embrace HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital.
With the injection of contemporary funds, FOMO Pay stated that it’ll speed up its geographical enlargement and spend money on expertise acquisition and its infrastructure.
The agency may even strengthen diversify its product choices by working intently with regulators on Central Financial institution Digital Foreign money (CBDC) tasks.
FOMO Pay was granted approval by the Financial Authority of Singapore (MAS) to supply Digital Cost Token Companies.
It’s licensed to offer service provider acquisition, home cash switch, cross border cash switch and digital fee token companies.
Based in 2015, FOMO Pay is a homegrown fintech firm providing its flagship options by serving to institutional shoppers hook up with e-wallets, bank cards, cryptocurrencies, and extra with its world banking options.
Louis Liu
Louis Liu, Founder and CEO of FOMO Pay stated,
“2022 has to date been a breakout yr for FOMO Pay – we’re seeing important development throughout all enterprise traces. Our volumes for the primary half of 2022 have already surpassed the total yr 2021 ranges and our consumer pipeline is extraordinarily robust. We attribute this success to the onerous work of our crew and their effort to all the time put clients first.”
