PEXX is a financial technology platform that enables instant transfers of stablecoins (USDT and USDC) directly to bank accounts across 50+ countries, utilizing blockchain technology for secure and efficient transactions. By eliminating the need for multiple platforms and high fees associated with traditional money transfers, PEXX provides a streamlined solution for cross-border payments.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ECFounders
Product
Problem
Traditional cross-border money transfers involve multiple platforms, high fees, and lengthy processing times, creating inefficiencies for individuals and businesses. Existing solutions often lack transparency in exchange rates and can be unreliable, leading to uncertainty and delays in receiving funds.
Solution
PEXX offers a platform for instant global stablecoin (USDT and USDC) transfers directly to bank accounts across 50+ countries. By leveraging blockchain technology, PEXX streamlines the process, eliminating intermediaries and reducing transfer times to minutes. The platform provides transparent exchange rates tied to Google FX, ensuring users receive real-time, competitive rates without hidden fees. PEXX is licensed and AUSTRAC-registered, adhering to regulatory standards and providing a secure and compliant solution for cross-border payments.
Target Audience
PEXX targets individuals, freelancers, and businesses that require fast, secure, and cost-effective cross-border money transfers, including those in the Web3 space dealing with stablecoins.
Features
- Instant transfers of USDT and USDC to bank accounts in 50+ countries
- Support for 16 fiat currencies, including EUR, GBP, THB, INR, IDR, and CNY
- Real-time exchange rates tied to Google FX for transparent pricing
- Average transaction time of 15 minutes
- Average fee of less than 1%
- Integration with Fireblocks for secure digital asset transfer
- Partnership with Ripple for fast and affordable global payments
- Mobile app available on iOS and Android
- Two-factor authentication (2FA) for enhanced security