iPeakoin Banks $10M to Bridge Finance’s Past and Future

Singapore and Hong Kong-based fintech iPeakoin sealed a nearly $10 million Series A this week to scale its crypto-inclusive banking solutions for modern businesses.

The round led by Chinese giant ZhenFund caps off a breakout 2022 for the 2-year-old startup powering payments and financial services across both traditional and digital spheres.

Reasons to Adopt Crypto

“We see more and more companies in traditional industries adopting crypto for various reasons, especially those operating in countries with an unstable economic environment,” said VP of Sales Robert Feng.

From gaming outfits to global trade contractors, iPeakoin invests heavily to meet specialized cross-border needs. It builds localized capabilities by plugging into banks and payment rails worldwide.

iPeakoin’s goal

The borderless approach fits iPeakoin’s goal of closing gaps between traditional and blockchain-based systems for moving money.

“By effectively combining traditional financial infrastructure with blockchain technology, we can offer more efficient solutions that align with the evolving demands,” said Head of Product Rommy Song.

iPeakoin’s versatility

As crypto permeates multinational operations, iPeakoin’s versatility helps businesses old and new streamline flows and tap new markets.

With regulators increasingly legitimizing digital assets for corporates, the firm’s Series A backers bank on its flexibility to keep pace with finance’s crossover into Web3.

Expanding business

For founder Michael Wu, the capital injection spotlights crypto’s expanding business use cases over volatile speculation.

By bridging yesterday’s banking with tomorrow’s blockchain applications, this fintech looks fit to seize the finance industry’s inevitable convergence between the past and future.