WadzPay Secures SGD $50 Million from GEM for Blockchain Expansion

WadzPay, a Singapore-based blockchain technology and financial services provider, has secured a significant capital commitment of SGD $50 million (approximately USD $36.7 million) from GEM Global Yield LLC SCS ("GEM"), a global alternative investment group.

TICE brings you inside details of this funding deal! 

WagzPay Funding

The investment, structured as a Share Subscription Facility (SSF), grants WadzPay the flexibility to call upon GEM for funding over a 36-month period, contingent upon a successful public listing. The funds will support WadzPay’s expansion strategy through acquisitions, partnerships, and organic growth initiatives.

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Driving Blockchain Innovation in Financial Services

Founded in 2018, WadzPay focuses on integrating blockchain technology into financial services to enable virtual asset transaction processing, custody, and settlement. Operating across Asia-Pacific, the Middle East, Africa, Europe, and the Americas, WadzPay provides secure and transparent solutions tailored for businesses and consumers.

"This commitment from GEM validates the transformative impact of WadzPay’s blockchain-driven approach to financial services," said Anish Jain, Founder & CEO of WadzPay. "It provides us with the resources to innovate, scale, and expand globally."

GEM's Vote of Confidence

GEM’s commitment highlights confidence in WadzPay’s potential. The investment group, managing $3.4 billion, has completed over 570 transactions in 70 countries, emphasizing its focus on emerging markets and high-growth companies.

The funding will enable WadzPay to:

• Develop advanced blockchain-based solutions.

• Enter new markets and strengthen global operations.

• Forge strategic alliances with banks, fintechs, and multinational corporations.

Blockchain technology’s role in revolutionizing financial services is accelerating. The global blockchain market is projected to reach $39.7 billion by 2025, driven by demand for secure and efficient digital payment systems. WadzPay’s innovative SaaS platform positions the company to capitalize on these trends and address challenges like cross-border payment inefficiencies and financial inclusion.

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Paving the Way for Global Impact

WadzPay’s partnership with GEM is a critical step toward achieving its vision of reshaping financial services through blockchain. The SGD $50 million investment commitment not only fuels growth but also underscores the company’s credibility in the global market. With this funding, WadzPay is set to enhance its technological capabilities, expand its footprint, and drive innovation in the rapidly evolving blockchain sector.

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