£16.2M
The Miami based web3 payments provider secured backing from a broad syndicate including institutional funds and angel investors.
Portfolio
2
companies
By category
- FinTech£41.2M
By location
- London£25.0M
- Miami£16.2M
Portfolio companies
A
Archax
Archax operates a regulated digital asset exchange, brokerage and custodian for institutional investors.
Transak
Transak provides payment and onboarding infrastructure for web3 applications.
Team
BG
Bingze Gu
Partner
Recent investments
£25.0M
The funding round was led by abrdn with participation from international backers.
"We are extremely pleased to have been able to complete a round of this size during the turbulent crypto and traditional financial market conditions of the last few months. It is also fantastic to have such credible and strategic partner investors involved in the raise too – led by abrdn. We look forward to the next phase of the Archax journey as we scale up for launch and beyond with these partnerships in place."