Category: Zipmex

The ZLaunch token reward program offered by Zipmex has hit a new record with Alkemi Network DAO token (ALK). The ALK token project pool was fully participated within two hours of its launch, with 2.5 million ZMT subscribed.

ZLaunch is the first token reward program in Thailand and Indonesia from a regulated digital assets platform, the program enabling users across Australia and the Asia-Pacific (APAC) to stake, or as Zipmex calls it, “lock” Zipmex Token (ZMT) to receive token rewards from participating in ZLaunch token project pools.

Zipmex users can stake their ZMT and receive hourly ALK token rewards over a flexible interval during a 30-day earning period, with the ALK token expected to be subsequently listed on the Zipmex Exchange.

Alkemi Network is bridging CeFi to DeFi with an institution-grade liquidity network for financial institutions and individuals to access professional DeFi and earn yields on their Ethereum-based digital assets. The flagship protocol, Alkemi Earn (Earn), facilitates borrowing and lending within a compliant environment via a primary permissioned liquidity pool of digital assets (ETH, wBTC and stablecoins). Earn also offers access to a secondary, permissionless liquidity pool of digital assets as part of Alkemi Network’s mission to enable everyone to join the decentralised financial ecosystem.

“It was great to see such a rapid uptake of the Alkemi Network token in the ZLaunch pool – fully subscribed within two hours! We are excited to welcome the Zipmex community to our institutional DeFi ecosystem,” said Ben Cooper, Alkemi’s co-founder and chief experience officer. “Please join us on Discord to find out more about participating within the Alkemi Network DAO.

“Zipmex is excited to bring high-potential crypto projects to South-East Asia and beyond,” said Kelvin Lam, managing director of Zipmex. “With ZLaunch, we are able to distribute the project’s crypto assets to a wide user base, and help our partners educate these users about their underpinning transformative use cases. Zipmex’s vision is to be the leading one-stop-shop solution for crypto projects entering the South-East Asian markets, where we support the progress of new token projects through our strong marketing, distribution network and listing support.”

Zipmex works closely with token projects like Alkemi Network to boost its visibility and capture the APAC market. Are you a high-potential token project interested in tapping into the millions of potential users in APAC? Zipmex is looking for innovative project teams to launch with.

Apply for ZLaunch now > https://zipmex.app/ud6yK

Read more > How to Stake Your Crypto Using Zipmex Australia

About Zipmex

Zipmex is Southeast Asia’s fastest-growing digital assets platform with a focus on providing retail and institutional investors with the tools and convenience to trade digital assets securely. The company’s Digital Assets Exchange License has been issued by the Ministry of Finance of Thailand where it is regulated by the Securities and Exchange Commission. The company also has a presence in Singapore, Australia and Indonesia.

Singapore, 11 November 2021 – Zipmex, one of Asia-Pacific’s leading digital assets platforms, announced today two C-suite appointments made to bolster its management team. 

Scot Cheung joins as Chief Operating Officer (COO) and will play a key role in building Zipmex’s presence and reputation in its four markets, with a specific focus on expansion and growth in Australia where it launched in early August. Nicolas Keravec has also been appointed as Chief Financial Officer (CFO) and will focus on the firm’s financial planning, capital raising and corporate development strategies. 

Following the appointment of Jonathan Low, former Global Head of PoS Lending at ING Bank, as Chief Commercial Officer last year, Zipmex is now bringing on more firepower to its executive team with the two new appointments and will continue to focus on hiring top-tier talents as it looks to bring innovative and trusted products to customers and continue its expansion across the region. Already an established player in Singapore, Thailand and Indonesia, the platform has turned its attention to its newest market, Australia, where it aims to bridge digital assets with real life.

“We are thrilled to welcome Scot and Nicolas to our dynamic and fast-growing team,” said Marcus Lim, CEO and Co-Founder of Zipmex. “Both Scot and Nicolas have a wealth of global experience and expertise in scaling and managing companies across Asia, which will be critical to our own growth in the region. In particular, Scot will be focusing on Australia, our newest market, where we believe now is the right time to ramp up operations by delivering superior customer experience, developing innovative products, and placing high importance on security. Nicolas will play a critical role in managing the company’s capital deployment and expansion plans in all our markets, following the success of our recent fundraising round.”

Last month, Zipmex announced that it has received US$41 million in committed funds for its ongoing Series B funding round, raising US$41 million from Bank of Ayudhya’s corporate venture capital arm, Krungsri Finnovate, and listed multimedia companies Plan B Media and Master Ad (MACO) of Thailand. This marks the first time in Southeast Asia that a top-tier bank and listed multinational media companies have invested in a digital assets platform.

Zipmex plans to use the funds to expand the company’s presence in its four markets, launch a host of new earn and spend products, form partnerships to revolutionise payments in its key markets, and build its technology infrastructure to support growth and enhance security.

Scot joins Zipmex from Uber, where, as Head of Central Operations, he managed the ride-hailing company’s transport and food delivery centralised operations across the Asia-Pacific region. During his seven years at Uber, he was instrumental in managing change and scaling regional teams as the company grew from a startup to a public company. 

Scot has more than 12 years of experience in helping companies scale and expand worldwide, having worked in Hong Kong, Shanghai, Seoul, Singapore, and London. Prior to Uber, he was also involved in co-founding and growing an affiliate marketing platform focusing on product curation for China’s e-commerce market.

“I am thankful for the opportunity to join Zipmex, a young and fast-growing firm embarking on its next phase of growth,” said Scot Cheung, Chief Operating Officer of Zipmex. “It is exciting to help Zipmex build and reach its fullest potential, as it continues to bring trusted and innovative investment and payment products that meet the needs of users.” 

He has been involved in large fundraising and fund management, risk management and accounting functions (IFRS / US GAAP) in large to medium-size corporations and funds globally.

Commenting on his appointment, Nicolas Keravec, Chief Financial Officer of Zipmex, said, “I am delighted to be joining Zipmex during this exciting time. The company has grown rapidly since it was founded in 2019, and the latest funding secured from investors is an endorsement of the company’s business model and its vision of becoming one of the biggest cryptocurrency platforms in Asia. I look forward to working with the team to help Zipmex.”

Founded in 2018, Zipmex is operating and legally compliant in Singapore, Thailand, Indonesia and Australia. Zipmex’s mission is to break down barriers, then educate, excite and enrich everyday people on its digital asset platform. Through its easy-to-use mobile applications and websites, users get access to a variety of financial services, including digital assets platform, and interest-bearing accounts. To date, the platform has transacted over US $1 billion in gross transaction volume since its launch in late 2019.

In early August, Zipmex announced a payment card to be launched later this year in partnership with Visa that will give customers access to the more than 70 million merchants in Visa’s network.

Zipmex has revealed details of the Series B round backed by global investors TNB Aura, B Capital and V Ventures.

Zipmex, a leading digital asset platform in the Asia-Pacific, confirmed its complete list of investors today, following its recent $41M Series B funding announcement, which was oversubscribed. 

We are thrilled to announce the final set of our lead investors who are supporting our dream to allow the next billion in Asia to imagine more with digital assets. It is not every day that the crypto industry sees such a strong, diverse group of backers ranging from world-renowned VCs to traditional financial institutions coming together like this. It brings us closer to a future with opportunity, access, and financial freedom for all.

Marcus Lim, founder and CEO, Zipmex

In addition to Australian founder Lim, Zipmex’s executive team includes Australian University of New South Wales (UNSW) alumni Managing Director Kelvin Lam and Chief Product Officer Ken Tabuki. Investors Charles Wong (TNB Aura) and Pinijsorn Luechaikajohnpan (Plan B Media) are fellow UNSW alumni. Rounding out the Australian executive representation are Chief Commercial Jonathan Low (formerly ING) and Chief Technology Officer James Tippett (formerly Airtasker). Zipmex recently opened its Australian office in Sydney, led by Country Manager Nathan Halliday.

With the fresh injection of capital, Zipmex plans to further develop its technological infrastructure, engage in new business partnerships, attract new talent and diversify its offerings.

Founded by Facebook co-founder Eduardo Saverin and Raj Ganguly, B Capital invests in companies transforming large traditional industries across borders and geographies. Leveraging a global team of seasoned experts and a strategic partnership with The Boston Consulting Group (BCG), B Capital helps founders navigate business challenges, raise capital, and attract talented leadership at every stage of the startup lifecycle.

TNB Aura (an affiliate of regional fund manager Aura Group), a leading, Asia-focused, thesis-led, high-conviction venture capital firm, uses data-driven methodologies to identify and invest in select companies that are primed to be category winners. Its portfolio includes dental products company Zenyum, SAAS platform Propzy, Indonesian edtech company CoLearn, and Social Commerce platform Super.

With an exceptional team, clear vision and roadmap, Zipmex offers a seamless and accessible platform for consumers across Asia-Pacific to be a part of the digital asset revolution. We are honoured to be part of their mission to accelerate financial access and inclusion, and look forward to working closely with the company in transforming the way we spend, save and earn.

Charles Wong, co-founder and managing partner, TNB Aura

V Ventures is a Singapore-based VC. The firm invests in both early-stage and late-stage companies across a variety of cutting-edge technology companies, from global e-lending solution design to utilising deep technology in the non-internet sectors. Its portfolio companies include Blender Finance, Cloudbreakr, Creative Ventures, and Owlstone Medical.

Zipmex has evolved quickly from a digital assets platform in Thailand to a regional player in digital financial services and has done so while ensuring compliance with local regulators. The company has a strong and cohesive management team with the requisite experience and innovative approach to digitally transform the financial services industry. We are excited to be a part of Zipmex’s journey and fully support the company in reaching its goals.

Chalermchai Mahagitsiri, general partner, V Ventures

It has been an exciting month since Zipmex announced the Zipmex Card, a new Visa-backed payment card that launches in Australia in late 2021. The Zipmex-Visa gives Zipmex users the freedom to spend their digital assets at the more than 70 million merchants from Visa’s global payments network.

The company has spotlighted important partners-turned-investors and, now, support from world-class venture capitalist firms. As Asia-Pacific’s most trusted digital asset platform, Zipmex has big plans ahead, reaching out to the millions across Australia and South-East Asia and building an ecosystem beyond finance.

We are proud to announce that Zipmex has secured over $41M USD in Series B funding to continue our rapid growth and product innovation. Through this period, we have provided industry-leading services which seek to transform the way people buy, sell and hold digital assets. To date, we have helped process over US$4 Billion in gross transaction volume since our launch in 2019. 

This marks a highly anticipated milestone for Zipmex that has seen multiple companies taking a keen interest and commitment during this investment round. These investors not only provide funding but also strategic partnerships to enable Zipmex to continue to bridge digital assets with real world experiences.

We welcome our new investors with the Bank of Ayudhya’s corporate venture capital arm, Krungsi Finnovate, who has joined as an investor. Plan B Media Public Company Limited and Master Ad Public Company Limited have also announced their commitment to the company in the Series B fundraising. 

“This commitment from Krungsri Finnovate is a huge step forward for us. It represents not only the validation of our business model and approach to innovation but also of the potential for digital assets to become a core part of our lifestyle,” said Zipmex CEO, Marcus Lim. 

“A marriage of digital assets and traditional banking can provide new innovative use cases for money, which we have demonstrated through ZipWorld. Further use cases of Zlaunch and ZipNFT are just the starting point of our banking-forward, lifestyle-focused product suite”

Spend, save, and earn with products made for digital asset holders. 

Aside from being a fast, liquid and secure digital asset platform, Zipmex has focused on expanding the number of ways in which its users can earn, spend and earn rewards, underpinned by their own token – ZMT (Zipmex Token). 

The “earn” products include ZipUp — a flexible earnings account with daily payouts of up to 8% APY, and  ZipLock – a fixed-term earnings account with yields up to 14% per annum with bonus APY for ZMT holders. 

ZipSpend, a digital asset payment solution for businesses looking to accept cryptocurrency as payment, has already facilitated several regional firsts in luxury vehicles, art, and property transactions. 

Earlier this month, we announced Zipmex Card, a new Visa-backed payment card to be launched later this year. This will give Zipmex users the freedom to spend their digital assets at any of the more than 70 million merchants in Visa’s global payments network.

On top of these core offerings, ZipWorld will enable users to redeem exclusive lifestyle products and access one-of-a-kind experiences and rewards using the Zipmex Token.  Zlaunch will give users early access to new investment tokens exclusively on the Zipmex Exchange.

“As digital assets have become increasingly popular, so has the demand for earn and spend products. ZipSpend and the Zipmex Card aim to revolutionise payments across the region by offering users greater flexibility, while ZipUp, ZipLock, ZipWorld, and ZLaunch provide unprecedented earning opportunities,” added Mr. Lim. “It is also important to note that any product we release will have to be approved by the relevant regulatory bodies first.”

We would like to thank the almost 1 million registered users who have joined us so far. This funding injection will allow us to continue to build out the Zipmex Ecosystem to bring more value, experiences, and innovative products to our Zipmex community.