PEXX, a fintech startup specializing in cross-border payments via stablecoins, has acquired a Singapore-based blockchain media platform. Chain Reporting.
The acquisition price was not disclosed, but PEXX’s recent $4.5 million funding round Led by TNB Aura and Antler.
The acquisition will enable PEXX to integrate Chain Debrief content, including articles, tutorials and expert analysis, into its platform.
PEXX said its goal is to provide users with the latest information on blockchain technology, cryptocurrencies and regulatory developments to enhance their decision-making process.
Additionally, PEXX plans to leverage Chain Debrief’s expansion in Southeast Asia to grow its community and continue the platform’s focus on cryptocurrency education.
Marcus Lim, CEO of PEXX and former CEO of Zipmex, a Singapore-based cryptocurrency exchange that was shuttered due to heavy financial debt, described the acquisition as an important step in the company’s growth.
“Integrating Chain Debrief’s rich content and community insights will not only strengthen our platform, but also equip our users with the knowledge and tools they need to navigate the complex world of blockchain and cryptocurrency.”
Chain Debrief founder Jackie Yap added:
“We have always been passionate about educating and empowering our community on the latest blockchain and cryptocurrency news.
Now, PEXX’s innovative approach to international payments and commitment to expanding financial access creates an opportunity for us to bring our content and insights to an even wider audience.”
