fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

FOMO Pay, SG’s first digital payment token licensee, raises $13m in Series A

Team AsiaTechDaily by Team AsiaTechDaily
18 August 2022
in Featured, Financial Technology, FinTech
0
FOMO Pay

Zack Yang, COO and Co-Founder of FOMO Pay, and Louis Liu, Founder and CEO of FOMO Pay.

15
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

FOMO Pay, the Singapore-headquartered major payment institution that enables the digital economy with global virtual banking solutions for financial institutions and enterprises, announced that it has secured a $13 million investment in its Series A round led by Jump Crypto.

The funding round was also participated by HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital, according to the announcement.

With the injection of fresh funds, the firm will accelerate its growth and will invest in talent acquisition and its infrastructure. The firm will also strengthen research and development capabilities, as well as a geographical expansion.

The firm will also extend its client base to embrace digital payments and accelerate digital adoption with more main-stream institutions stepping into the digital asset space; expand geographically with first-mover advantage on license and compliance into other jurisdictions; and diversify product offerings following the crypto adoption curve including working closely with regulators on Central Bank Digital Currency (CBDC) projects.

Founded in 2015, FOMO Pay is a homegrown fintech company offering its flagship solutions by helping institutional clients connect to e-wallets, credit cards, cryptocurrencies, and more with its global banking solutions. Today, FOMO Pay is one of the largest digital payment and banking solution providers, servicing several thousands of clients across Web2 and Web3 industries.

FOMO Pay was the first firm in Singapore granted approval by the Monetary Authority of Singapore (MAS) for Digital Payment Token Services. It is licensed to provide services such as merchant acquisition, domestic money transfer, cross border money transfer, and digital payment token service.

“We will continue to strive hard towards building Asia’s first licensed payment ecosystem with interoperability between fiat and crypto currencies, and we are grateful to the unwavering support and belief from our investors, stakeholders and partners,” said Louis Liu, founder and CEO of FOMO Pay.

Over the past year, FOMO Pay was proactively involved in developing the innovation landscape within the Web3 ecosystem and has announced several strategic partnerships with firms such as Circle, Acentrik (​​initiative by Mercedes-Benz), Ripple, and many others. The firm offers its flagship products, FOMOPayment, FOMOiBank and FOMOCrypto to corporates from numerous different industries.

Previous Post

Legatech VDR provides essential technological security for diversification of business, including M&A & investment

Next Post

SGInnovate leads $2m funding in cleantech startup SunGreenH2

Related Posts

edit post
ShopUp
E-commerce

ShopUp, Bangladesh’s B2B commerce platform, secures $30m in debt financing

February 2, 2023
edit post
WeMo
Featured

Urban mobility startup WeMo raises $15m from AppWorks to boost SE Asia expansion

February 1, 2023
edit post
Peris.ai
Cybersecurity

Indonesian cybersecurity startup Peris.ai scores funding to enhance platform

February 1, 2023
edit post
Qritive
Featured

Healthcare AI startup Qritive nets $7.5m to expand into new markets

January 31, 2023
edit post
Sea Ltd Shopee
E-commerce

Sea to create 2,000 jobs in Malaysia in expansion push

January 31, 2023
edit post
Kick Avenue
E-commerce

Indonesian sneaker marketplace Kick Avenue raises $2.9m funding

January 31, 2023
Next Post
edit post
SunGreenH2

SGInnovate leads $2m funding in cleantech startup SunGreenH2

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback