INXY Payments successfully secured a $3 million investment led by Flashpoint VC to enhance its crypto payment solutions for businesses globally.

Information on the Target

INXY Payments is an EU-authorized payment platform that connects traditional finance with the evolving landscape of the crypto economy. The company has successfully closed a $3 million investment round, led by Flashpoint VC, with contributions from notable angel investors. This funding will bolster INXY's objective to streamline and enhance the security of cryptocurrency transactions for businesses around the globe.

With an impressive annual transaction volume exceeding $500 million, INXY Payments enables businesses to effortlessly accept, send, and exchange digital assets. Their platform provides extensive global reach across over 193 countries, delivers substantial cost savings of up to 80% on processing fees, and features automated solutions, such as mass payouts with automatic conversion to fiat currencies or stablecoins. Compliance with EU regulations and robust security protocols, including Know Your Business (KYB), Know Your Customer (KYC), and Know Your Transaction (KYT) checks, ensure a secure and efficient operational environment.

Industry Overview

The cryptocurrency market has experienced exponential growth over the past few years, leading to an unprecedented rise in interest and investment. As of recent data, the stablecoin market alone surpassed $6 trillion in annual transactions, signaling a signi