iPeakoin raised nearly $10 million Series A from Zhenfund

Globe NewswireNovember 24, 20234 min

iPeakoin, an innovative neobank building solutions across traditional finance and crypto, recently closed its Series A, “close to ten million dollars led by ZhenFund”, according to the founder. Founded in 2020, with dual headquarters in Singapore and Hong Kong, iPeakoin has distinguished itself in the fintech landscape by bridging traditional finance and the crypto industry. The founding team, alumni of prestigious institutions like Stanford and the University of Michigan, brings extensive expertise in fintech, technology, and the crypto industry from Google, Meta, Visa, and Ant Financial.

iPeakoin’s product suite is comprehensive and innovative, catering to a diverse range of clients from traditional industries such as advertising and gaming to global trade and Web3.0 projects. Their offerings include:

  • 1. Crypto Wallet for Enterprises: This product enables seamless management of large-volume digital assets for enterprise clients that require more control and higher compliance standards.
  • 2. Global Account: It simplifies the “Know Your Business” process for fiat settlement, exchange, and payment, and interfaces with the Crypto Wallet.
  • 3. Quantum Virtual Card: A virtual multi-currency business credit card that facilitates online payments wherever Visa or Mastercard is accepted. iPeakoin has also pioneered crypto card solutions with multiple clients including Onekey.
  • 4. Particle Treasury: Offers attractive yields for idle funds with flexible terms, backed by US T-bills.

iPeakoin plays a crucial role in mainstream crypto adoption, addressing the demand for a banking platform that can manage both crypto payments and traditional financial services. Its ecosystem narrows the gap between traditional and digital finance, helping businesses streamline payment flows and access new market shares. The platform significantly reduces onboarding time compared to traditional banking, enabling businesses to start operations in a matter of days.

In emerging markets, where crypto is increasingly used as a trading and investment asset, iPeakoin’s services are particularly valuable. Companies in developed markets are accepting cryptocurrency payments from these emerging-market countries, opening a lucrative sector that was previously underserved.

Michael Wu, the Founder and CEO of iPeakoin, highlights the importance of crypto in cross-border corporate transactions, emphasizing its role in business operations over investment opportunities. He notes that a significant number of multinational corporations are utilizing crypto for business purposes.

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Globe Newswire

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