AbbeyCross raises USD 6.5M for their FX platform in emerging markets

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In a seed funding round, AbbeyCross, a wholesale FX platform aimed at enhancing the payment market infrastructure for emerging market currencies, has raised USUSD 6.5 million.

Following a USD 2.47 million pre-seed last year, Valar Ventures led the round, in which BNY Mellon, Third Prime, and Gaingels also participated. In an attempt to improve the fragmented emerging market currency payment industry, AbbeyCross collaborates with international banks, their currency suppliers, and other financial services providers. These partnerships bring deeper currency liquidity, price transparency, and market data.

The company claims that it can improve transparency, assist clients in cutting expenses and delays, and offer reasonable prices.

Read More: AbbeyCross raises $6.5m for emerging markets FX platform

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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