Taiwan’s XREX Blockchain Firm Raises $17 Million in pre-Series A

by Kay Aloha Villamor in August 23rd, 2021

XREX Inc., The Taipei-headquartered company, announced today it has raised $17 Million in pre-Series A funding led by CDIB Capital Group. 

The oversubscribed round also included participation from SBI Investment (a subsidiary of SBI Holdings), Global Founders Capital, ThreeD Capital, E.Sun Venture Capital, Systex Corporation, MetaPlanet Holdings, AppWorks, BlackMarble, New Economy Ventures, and Seraph Group.

XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.

Company: XREX Inc.

Raised: $17.0M

Round: pre-Series A

Funding Month: August 2021

Leading Investors: CDIB Capital Group. 

Additional Investors: SBI Investment (a subsidiary of SBI Holdings), Global Founders Capital, ThreeD Capital, E.Sun Venture Capital, Systex Corporation, MetaPlanet Holdings, AppWorks, BlackMarble, New Economy Ventures, and Seraph Group

Company Website: https://www.xrex.io/

Software Category: Blockchain

About the Company: XREX, a blockchain TradeTech company, helps merchants in emerging economies accelerate international transactions by providing SaaS that facilitates digital asset transfer, banking, and trading. Founded in Aug 2018 and headquartered in Taipei, XREX Inc. is a crypto-fiat fintech company with a mission of driving financial inclusion by solving the dollar liquidity shortage issue in emerging economies. Armed with a team of world-leading experts in compliance, cryptocurrency, blockchain, fintech, and cross-border payments, XREX offers innovative solutions to help cross-border SMEs compete on an even playing field.

Source: https://blog.xrex.io/xrex-raises-17m-to-expand-fiat-currency-portfolio-and-partnerships-2caf4025b07a

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