Digital Assets Exchange Zipmex Raises $6m in Funding

Zipmex
Zipmex founding team.

Zipmex, the fully licensed global digital assets exchange, announced
today the closing of its latest funding round. The round is headlined by Jump Capital, a US venture capitalist firm specialising in data-driven tech companies.

The total amount raised exceeded the initial target of US$4 million to reach US$6 million. The raise follows Zipmex’s pre-Series A raise of US$3 million in September 2019 and a US$1.9 million seed round in January 2019.

“This is an exciting day for all of us at Zipmex,” said Zipmex CEO Marcus Lim. “We are thrilled to have industry veteran Jump Capital leading the funding round. Jump Capital’s wealth of experience in the space and broad network will be invaluable assets as we look to make digital asset investing accessible for everyone.”

Regulated in Singapore, Australia, Indonesia, and licenced in Thailand, Zipmex’s mission is to break down barriers, then educate, excite, and enrich everyday people on its fully regulated digital asset platform.

It is spearheading the next generation of feasible and secure asset investments by scouring the world for exciting investment and diversification products, then making them available on its free, easy-to-use apps and websites.

To date, the platform has transacted over US$650 million in gross transaction volume since its launch in late 2019.

Zipmex’s unique selling proposition includes fast trading, high liquidity, competitive prices, and high-security standards, and it has plans to become the largest digital asset exchange in Asia Pacific.

The new funding will be used to further diversify Zipmex’s product offerings, including the expansion of its interest-bearing product (ZipUp) and its new native token ZMT.

US venture capitalist Jump Capital has invested in Zipmex out of their latest US$200 million fund. Its portfolio comprises over 60 companies across the fintech, IT and data infrastructure, B2B SaaS, and media
sectors.

Jump Capital has invested in many of the world’s leading investing and digital asset startups including BitGo, Bitso, Curv, M1 Finance, Personal Capital, and TradingView. Its parent company, Jump Trading LLC, powers Robinhood’s free crypto trades. – BusinessNewsAsia.com