Singapore-based blockchain firm WadzPay has secured a $36.7 million investment commitment from GEM Global Yield, a private alternative investment group. The funding, structured as a Share Subscription Facility, provides WadzPay with flexible access to capital contingent upon a successful public listing within three years. This financial backing will support the company’s strategic growth through acquisitions, partnerships, and technological innovation, reinforcing its position as a leader in blockchain-based financial services.
Key Points:
- Investment Details: GEM Global Yield has committed $36.7 million via a Share Subscription Facility, granting WadzPay funding flexibility over a 36-month period
- Growth Strategy: The funds will be used to expand operations, foster partnerships, and develop advanced blockchain-based financial solutions
- Global Presence: WadzPay operates across Asia-Pacific, the Middle East, Africa, Europe, and the Americas, delivering virtual asset transaction services
- Innovative Approach: The company integrates blockchain into financial services, addressing issues such as cross-border payment inefficiencies and promoting financial inclusion
- CEO Statement: Anish Jain, Founder & CEO, views the commitment as validation of WadzPay’s transformative impact on financial services
