December 2, 2024
Written by FinTech Alliance
Singapore-based blockchain company WadzPay has secured a $36.7 million investment commitment from GEM Global Yield, a private alternative investment group. The financing is structured as an equity subscription scheme, with WadzPay providing flexible access to capital conditional on a successful listing within three years. This financial support will support the company's strategic growth through acquisitions, partnerships and innovation, strengthening its position as a leader in blockchain-based financial services.
Important points:
Investment Details: GEM Global Yield has committed $36.7 million through an equity subscription plan, providing flexible financing for WadzPay over a period of 36 months. Growth Strategy: The funds will be used to expand the business, foster partnerships, and develop advanced blockchain-based financial solutions. Global presence: WadzPay operates in Asia Pacific, Middle East, Africa, Europe and the Americas and provides virtual asset trading services Innovative approach: The company integrates blockchain across national borders CEO Statement: Founder and CEO Anish Jain reiterates this commitment to WadzPay's transformative impact on financial services by addressing issues such as payment inefficiencies and promoting financial inclusion. considered as verification
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