PEXX, a fintech startup specialising in stablecoin cross-border payments, has acquired Singapore-based blockchain media platform Chain Debrief.
The acquisition, made for an undisclosed amount, follows PEXX’s recent US$4.5 million funding round led by TNB Aura and Antler.
This acquisition allows PEXX to integrate Chain Debrief’s content, including articles, tutorials, and expert analyses, into its platform.
PEXX said that the goal is to provide users with updated information on blockchain technology, cryptocurrencies, and regulatory developments, enhancing their decision-making process.
Additionally, PEXX also plans to leverage Chain Debrief’s reach in Southeast Asia to expand its community and continue the platform’s focus on crypto education.
Marcus Lim, CEO of PEXX and the former CEO of Singapore-based cryptocurrency exchange Zipmex, which ceased operations due to significant financial liabilities, described the acquisition as a key step in the company’s growth.
“By integrating Chain Debrief’s rich content and community insights, we are not only enhancing our platform but also empowering our users with the knowledge and tools they need to navigate the complex world of blockchain and cryptocurrencies.”
Jacky Yap, Founder of Chain Debrief, added,
“We’ve always been passionate about educating and empowering our community with the latest in blockchain and crypto.
Now, with PEXX’s innovative approach to cross-border payments and their commitment to expanding financial access, we have the opportunity to bring our content and insights to an even broader audience. ”
