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In a recent official announcement, Lightnet Group Confirmed The company announced that it has received a capital commitment worth $50 million from LDA Capital to grow Velo Blockchain Technology. The company added that it has the option to increase his current $50 million commitment to up to $100 million over the next three years.
The latest capital will help the company grow in the payments and remittances space. Lightnet is a Singapore-based fintech group with several licensed subsidiaries around the world. The company plans to leverage its $50 million capital commitment to support Web3 payments and blockchain-based money transfer services.
We are excited about this partnership and are very pleased that LDA Capital recognizes the value of a new generation of money transfer services. said Tridbodi Arunanondchai, co-founder and CEO of our unique architecture Lightnet.
The adoption of blockchain technology in the payments space has skyrocketed significantly over the past few years. Lightnet has a strong cross-border remittance infrastructure. The fintech firm said the capital will facilitate real-time blockchain payment flows for remittances and payments between money transfer operators (MTOs) and banking institutions.
“Lightnet’s next-generation financial infrastructure, along with Velo Labs’ disruptive technology, will be the rails of the future for dynamic, regulated markets that provide financial liquidity and inclusiveness across Asia,” said LDA. Warren P. Baker III, managing partner and co-founder of capital.
With the help of cutting-edge technology from Velo Labs, which focuses on building plug-and-play blockchain-based money transfer solutions, Lightnet will be able to easily connect to a multitude of payment partners around the world to send money. We will make our ecosystem and payment options more affordable and accessible to both businesses and customers, Lightnet added in the announcement.
In a recent official announcement, Lightnet Group Confirmed The company announced that it has received a capital commitment worth $50 million from LDA Capital to grow Velo Blockchain Technology. The company added that it has the option to increase his current $50 million commitment to up to $100 million over the next three years.
The latest capital will help the company grow in the payments and remittances space. Lightnet is a Singapore-based fintech group with several licensed subsidiaries around the world. The company plans to leverage its $50 million capital commitment to support Web3 payments and blockchain-based money transfer services.
We are excited about this partnership and are very pleased that LDA Capital recognizes the value of a new generation of money transfer services. said Tridbodi Arunanondchai, co-founder and CEO of our unique architecture Lightnet.
The adoption of blockchain technology in the payments space has skyrocketed significantly over the past few years. Lightnet has a strong cross-border remittance infrastructure. The fintech firm said the capital will facilitate real-time blockchain payment flows for remittances and payments between money transfer operators (MTOs) and banking institutions.
“Lightnet’s next-generation financial infrastructure, along with Velo Labs’ disruptive technology, will be the rails of the future for dynamic, regulated markets that provide financial liquidity and inclusiveness across Asia,” said LDA. Warren P. Baker III, managing partner and co-founder of capital.
With the help of cutting-edge technology from Velo Labs, which focuses on building plug-and-play blockchain-based money transfer solutions, Lightnet will be able to easily connect to a multitude of payment partners around the world to send money. We will make our ecosystem and payment options more affordable and accessible to both businesses and customers, Lightnet added in the announcement.
