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 Leap Crypto.
Different collaborating traders embrace HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital.
With the injection of contemporary funds, FOMO Pay stated that it’s going to speed up its geographical growth and put money into expertise acquisition and its infrastructure.
The agency will even strengthen diversify its product choices by working carefully with regulators on Central Financial institution Digital Foreign money (CBDC) initiatives.
FOMO Pay was granted approval by the Financial Authority of Singapore (MAS) to supply Digital Fee Token Companies.
It’s licensed to offer service provider acquisition, home cash switch, cross border cash switch and digital cost token providers.
Based in 2015, FOMO Pay is a homegrown fintech firm providing its flagship options by serving to institutional purchasers connect 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 up to now been a breakout yr for FOMO Pay – we’re seeing important progress throughout all enterprise strains. Our volumes for the primary half of 2022 have already surpassed the complete yr 2021 ranges and our consumer pipeline is extraordinarily sturdy. We attribute this success to the laborious work of our workforce and their effort to all the time put clients first.”
