WadzPay
WadzPay Raises $36.7M in Series B
Quick Facts
WadzPay Raises $36.7M in Series B
WadzPay has successfully raised $36.7M in a Series B at a $200M valuation led by Ripple, SBI Holdings.
Company Overview
WadzPay is a FinTech company headquartered in Singapore, founded in 2018 with 80+ employees.
Blockchain-based payment solutions for cross-border transactions
Fundraising Details
- Amount Raised: $36.7M
- Round Type: Series B
- Valuation: $200M
- Date: 2024-12-14
- Investors: Ripple, SBI Holdings
About WadzPay
Blockchain-based payment solutions for cross-border transactions The company is positioned in the FinTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Singapore
- Founded: 2018
- Team Size: 80+
- Industry: FinTech
What This Means
This funding round demonstrates strong investor confidence in WadzPay's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FinTech sector continues to attract significant investment as companies innovate to meet evolving market demands. WadzPay's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $200M valuation marks an important milestone for WadzPay, positioning the company among notable players in the FinTech industry.
Looking Ahead
With this new capital, WadzPay is well-positioned to execute on its growth strategy and continue building innovative solutions in the FinTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-12-14. For more information about WadzPay, visit their headquarters at Singapore.
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