Blockchain-based cross-border remittance startup Frex has raised approximately $1.05 million in a Pre-Seed funding round, led by Zeropearl VC and others.

Odaily Planet Daily reports that Frex, an Indian blockchain remittance startup, has announced the completion of a 95 million Indian rupee (approximately US$1.05 million) Pre-Seed funding round. The round was co-led by Zeropearl VC and White Venture Capital, with participation from a group of angel investors. The company leverages blockchain technology and local banking partnerships to build a real-time remittance solution, primarily serving immigrants and overseas workers by providing cross-border remittance services. (eletsonline)