Singapore digital assets exchange Zipmex bags $41m Series B

Singapore digital assets exchange Zipmex bags $41m Series B

Marcus Lim, founder and CEO of Zipmex

Singapore-based digital assets exchange Zipmex has bagged $41 million in an oversubscribed Series B funding round from investors including Krungsri Finnovate Company Limited, the corporate venture capital arm of the Thailand-based Bank of Ayudhya PCL.

The investment by Bank of Ayudhya marks the first time that a bank in Southeast Asia is investing in a digital asset platform, according to a statement by Zipmex on Tuesday.

Also participating in the round were Plan B Media Public Company Limited, US-based Jump Capital, MindWorks Capital, and Master Ad Public Company Limited (MACO).

Zipmex’s total funding now stands at $51.9 million. In January, it had landed $6 million in a financing round led by Jump Capital.

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