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Lightnet Raises US$50 Million to Bolster Blockchain-Powered Remittances
source link: https://fintechranking.com/2022/08/30/lightnet-raises-us50-million-to-bolster-blockchain-powered-remittances/
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Lightnet Raises US$50 Million to Bolster Blockchain-Powered Remittances
The Lightnet Group, a Singapore-based fintech firm with several licensed subsidiaries around the globe providing cross-border remittance services, announced that it has secured a US$50 million capital commitment from LDA Capital.
According to Lightnet, it will have the option to double the investment to US$100 million over the next three years.
This investment will allow the Lightnet Group to expand its operating corridors and opportunities and obtain licenses.
Read more: Fintech News Singapore
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