Introduction
INXY Payments, an EU-authorized payment platform, has successfully secured a $3 million investment round led by Flashpoint VC, with contributions from prominent angel investors. This funding will enable INXY to further develop its technology and expand its global reach, making crypto transactions easier and safer for businesses worldwide.
INXY Payments offers businesses a seamless way to accept, send, and exchange digital assets. With an annual transaction volume exceeding $500 million, the platform boasts impressive capabilities, such as processing payments in over 193 countries and reducing fees by up to 80%. INXY also provides automated solutions like mass payouts with auto-conversion to fiat or stablecoins, ensuring smooth financial operations.
Read: Automating Know-Your-Customer (KYC) and Anti-Money Laundering (AML) Processes
Why This News is Relevant?
The increasing adoption of cryptocurrencies in business transactions has led to a growing need for secure and efficient payment solutions. INXY Payments aims to bridge the gap between traditional finance and digital assets, ensuring compliance with EU regulations while offering competitive advantages, such as cost-effective and automated payment options.
Read: The Ethics of Fraud Detection: Balancing Automation with Consumer Privacy
With stablecoins surpassing $6 trillion in annual transactions, businesses are actively looking for secure, reliable, and scalable crypto payment platforms. The recent funding round highlights the strong investor confidence in INXY’s business model and its potential to revolutionize the industry.
Industry Comments
Ruslan Zholik, CEO of INXY Payments, emphasized the significance of this investment: “This investment validates our vision to make crypto payments accessible and compliant for businesses. We’re excited to expand our global presence and continue driving innovation in the crypto economy.”
Alexey Sidorov, Associate Partner at Flashpoint VC, expressed enthusiasm about the deal: “We are thrilled to lead INXY’s investment round and support their mission to bridge traditional finance with the crypto economy. The crypto market is booming, with stablecoins surpassing $6 trillion in annual transactions, and INXY is well-positioned to capitalize on this growth.”
He also highlighted Flashpoint’s commitment to supporting European and Israeli entrepreneurs, recognizing the potential of the Cyprus-based company in shaping the future of crypto payments.
FAQ
What does INXY Payments do?
INXY Payments is an EU-authorized platform that allows businesses to accept, send, and exchange digital assets. It provides automated financial solutions and ensures compliance with EU regulations.
How does INXY help businesses save money?
The platform reduces processing fees by up to 80% and offers cost-efficient payment solutions, such as auto-conversion to fiat or stablecoins, eliminating unnecessary financial friction.
Why is this investment important?
The $3 million funding round, led by Flashpoint VC, will help INXY expand its services and enhance its technology, allowing more businesses to integrate crypto payments seamlessly.
How does INXY ensure security and compliance?
INXY follows strict security protocols, including KYB/KYC/KYT checks, to ensure safe and hassle-free transactions.
What is Flashpoint VC’s role in this investment?
Flashpoint VC led the investment round, recognizing INXY’s potential to bridge the gap between traditional finance and crypto payments.
Conclusion
The latest funding round for INXY Payments signifies a major step toward mainstream adoption of crypto transactions in businesses. With Flashpoint VC’s support, INXY is set to expand its global presence and refine its innovative payment solutions. As the demand for secure and cost-effective crypto payments continues to rise, INXY is well-positioned to shape the future of digital finance.
Read: Risk-Based Pricing and Fraud Prevention in Digital Lending
Read: The Rise of Identity Fraud and How Fintechs Can Combat It
Read:AI-Driven Fraud Prevention: The Next Frontier in Financial Security
To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com
