Tallinn-based fintech startup Money Industries has recently secured a $1.5 million investment led by Caucasus Ventures, alongside investors Hasan Jabbarov and Sabrican Zaim. Specializing in global payment infrastructure, Money.Industries enables fintech startups to conduct international money transfers without relying on banks, connecting local payment systems worldwide. With the investment, the company aims to enhance its infrastructure, focusing on accelerating the global expansion of local fintech firms. They intend to create opportunities for smaller entities to collaborate with larger players, aiming to become a key facilitator in global payments and reshape the landscape of cross-border transactions.
Founded in September by Kutay Yalınkılınç, Money.Industries is a pioneering technology and partner network solution committed to facilitating seamless cross-border money transfers and payment relationships for financial institutions and fintech companies across diverse regions such as Central Asia, Eastern Europe, Türkiye, Africa, and the Middle East. The platform provides a robust infrastructure empowering entities within the financial sector to establish efficient, secure, and compliant connections for international money transfers and payments. Leveraging cutting-edge technology and an expansive network, Money.Industries enables streamlined transactions among different regions, ensuring accessibility, reliability, and convenience for businesses navigating the global financial landscape. The company remains dedicated to revolutionizing cross-border transactions, striving to enhance accessibility and efficiency within the realm of international payments.
Leveraging their experience in the fintech sector, Money.Industries aims to use this investment to expand the company’s reach globally, aspiring to serve 76.4% of the world’s population. Money.Industries envisions transforming international money transfers and global payment services, aiming to uncover the true value in cross-border payments, facilitating growth and accessibility. Yalınkılıç also emphasizes their focus on accelerating the globalization of local fintech firms and creating opportunities for both major corporations and smaller entities to collaborate, ultimately positioning Money.Industries as a global partner for fintech ventures through this approach and subsequent investments, shortening the path to achieving their objectives.
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Read the orginal article: https://arcticstartup.com/money-industries-secures-1-5-million/
