INXY Payments, a European Union-approved platform that integrates traditional finance with the burgeoning cryptocurrency economy, recently secured $3 million in funding. This round was led by Flashpoint VC and included contributions from notable angel investors, demonstrating significant confidence in INXY’s mission. The funding will be used to advance INXY’s goal of simplifying and securing cryptocurrency payments for businesses worldwide. Currently, INXY facilitates over $500 million in annual transactions, enabling businesses to accept, send, and exchange digital assets on a global scale. The platform operates in more than 193 countries and significantly reduces processing fees by up to 80%, offering automated solutions such as mass payouts with auto-conversion to fiat or stablecoins.
One of the standout features of INXY Payments is its rigorous adherence to European Union regulations and its employment of advanced security measures. The platform incorporates checks such as Know Your Business (KYB), Know Your Customer (KYC), and Know Your Transaction (KYT), ensuring safe and efficient operations. This commitment to security and compliance has been a cornerstone of INXY’s strategy, as emphasized by CEO Ruslan Zholik. He expressed that the recent funding validates INXY’s vision to make cryptocurrency payments both accessible and compliant for businesses. This funding round underscores Flashpoint VC’s enthusiasm for INXY’s potential to bridge the gap between traditional finance and the rapidly growing cryptocurrency market.
Flashpoint VC’s Associate Partner, Alexey Sidorov, shared his optimism regarding INXY’s innovative approach, highlighting the rapid growth in stablecoin transactions, which have now surpassed $6 trillion annually. This substantial figure reflects a significant shift in the financial landscape, positioning INXY at the forefront of this evolution. Flashpoint’s support for INXY also aligns with their broader commitment to promoting globally oriented entrepreneurs from Europe and Israel. This investment marks Flashpoint’s eighth foray into fintech, underscoring their confidence in INXY’s capability to transform the way businesses handle crypto payments. With its robust security measures and expansive reach, INXY is well-positioned to redefine the standards for crypto payments in the business world.