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Monetary infrastructure B2B trading market AbbeyCross completed US$6.5 million in financing, with Bank of New York Mellon participating in the investment
2024-01-09 11:53
Odaily News Monetary infrastructure B2B trading and compliance market AbbeyCross announced the completion of a new round of financing of US$6.5 million. Valar Ventures led the investment, with participation from BNY Mellon (BNY Mellon), Third Prime and Gaingels. AbbeyCross mainly works with global banks and currencies. The new funding will be used to further expand the providers partnership with other financial services providers to eliminate currency market inefficiencies and bring deeper currency liquidity, price transparency and market data to the fragmented emerging market currency payments industry. Develop and deploy its ABX Sync innovation platform. Odaily previously reported that AbbeyCross completed a $2.47 million seed round of financing in August 2022, with Third Prime leading the investment, Communitas Capital and 11 strategic angel investors participating. (finextra)