- Blockchain innovator WadzPay receives $36.7m from GEM Global Yield.
- Funds will accelerate global growth, partnerships, and product innovation.
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What happened
WadzPay, a Singapore-based blockchain technology and financial services company, has secured a $36.7 million funding commitment through a Share Subscription Facility (SSF) agreement with GEM Global Yield. This capital will drive the company’s strategic goals, including acquisitions, partnerships, and scaling its operations globally. Founded in 2018, WadzPay offers SaaS-based blockchain solutions that facilitate virtual asset transactions, custody, and settlement across Asia Pacific, the Middle East, Africa, Europe, and the Americas. The funding also aligns with WadzPay’s plans to pursue a public listing and establish itself as a leader in virtual asset financial services. CEO Anish Jain highlighted the significance of this partnership, emphasizing its role in accelerating innovation and expanding global reach.
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Why it’s important
This funding marks a critical milestone for WadzPay, underscoring the growing recognition of blockchain technology’s transformative potential in financial services. By enabling secure, efficient, and scalable virtual asset solutions, WadzPay addresses a pressing demand for more inclusive and accessible financial systems. Its focus on partnerships with banks and FinTechs positions it to become a vital player in bridging traditional finance and digital asset ecosystems.
For small businesses and emerging markets, WadzPay’s services could be a game-changer. Its SaaS-based blockchain platform reduces transaction costs and improves accessibility, enabling financial inclusion for underserved communities. The involvement of GEM, a prominent investment firm, validates WadzPay’s potential and provides a solid foundation for its ambitious goals, including a public listing.
The company’s expansion into regions like Africa and Asia Pacific is particularly noteworthy, as these areas show increasing adoption of blockchain for cross-border payments and financial inclusion initiatives. WadzPay’s success could inspire further investment and innovation in blockchain-driven financial solutions, shaping the industry’s future. This development is a strong positive signal for the blockchain sector and a step forward for financial inclusion globally.
