The Series A round was led by Fuel Ventures alongside a crowdfunding campaign.
"Wombat has come a long way in the last three years and closing this funding round is another key milestone on our journey to help more budding investors embrace the habit of saving and investing for their futures,"
The pre-seed round was led by Third Prime with participation from Communitas Capital and strategic angels.
"We are grateful to our investors and look forward to developing the AbbeyCross solution and changing the EM currency market for the better. The current situation is intolerable and unsustainable for those who rely upon the exchange of EM currencies, the banks and payment providers and the regulators themselves. Price transparency and deeper liquidity is desperately needed and that is what AbbeyCross intends to deliver."
The funding round was led by Praetura Ventures to support the company's global expansion.
"With investments into technology companies starting to slow, this is a huge endorsement from our investors that proves we’re doing the right things as a business at BankiFi,"
abrdn takes a strategic stake in Archax to back its regulated digital securities exchange.
"Blockchain technologies are inevitably going to form a big part of the future of financial markets. There is the potential to offer greater transparency, greater speed and less trading friction by using these nascent digital technologies."