Monday, September 26, 2022
Google search engine
HomeFinTechSouth Korean Fintech FOMO Pay Raises $13 Million To Develop CBDC projects!

South Korean Fintech FOMO Pay Raises $13 Million To Develop CBDC projects!

Singapore-based fintech company FOMO Pay (website) announced that it had received $13 million in funding in its Series A round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital and Republic Capital. Founded in 2015, FOMO Pay Pte Ltd is a major payment institution regulated under the Payment Services Act in Singapore, licensed by the Monetary Authority of Singapore (MAS).

FOMO Pay‘s goal is to become the leading global banking service provider for the fast-growing digital economy. With this in mind, the company aims to expand its customer base to promote digital payments and accelerate digital adoption. The company also aims to work closely with regulators on central bank digital currency (CBDC) projects.

Commenting on the successful closing of its Series A fundraising, Louis Liu, Founder and CEO of FOMO Pay, said, “2022 has so far been a breakout year for FOMO Pay – we are seeing significant growth across all business lines. Our volumes for the first half of 2022 have already surpassed the full year 2021 levels and our client pipeline is extremely strong. We attribute this success to the hard work of our team and their effort to always put customers first.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments