Cross-Border Payments Platform HiWiPay Raises $2 Million
In a significant development in the fintech space, HiWiPay, a cross-border payments platform specializing in international remittances for students, parents, and businesses, has secured $2 million in a seed round led by Unicorn India Ventures. The funding round also saw participation from Dewang Neralla’s family office, Jupiter Metaverse LLP, and a group of angels.
HiWiPay’s innovative platform aims to simplify the complex process of cross-border payments, making it more efficient, secure, and cost-effective for its users. The company’s vision is to become a leading player in the cross-border payment space, catering to the needs of students, parents, and businesses.
“We are thrilled to have received this significant funding, which will enable us to expand our operations and enter new markets,” said [Founder’s Name], CEO of HiWiPay. “Our goal is to make cross-border payments seamless and hassle-free for our users, and we believe that this funding will help us achieve that.”
The funding round comes at a time when the cross-border payment space is witnessing significant growth. The global remittances market is projected to reach $700 billion by 2025, driven by the increasing mobility of people across borders. HiWiPay’s platform is well-positioned to capitalize on this trend, leveraging its expertise in international remittances to provide a seamless and secure payment experience.
One of the key areas that HiWiPay plans to focus on is the SME trade remittance space. The company believes that there is a significant opportunity to simplify the complex process of international trade payments, making it easier for small and medium-sized enterprises (SMEs) to conduct business across borders.
“We see a huge opportunity to disrupt the traditional trade payment process, which is often slow, costly, and prone to errors,” said [Founder’s Name]. “Our platform is designed to make international trade payments faster, cheaper, and more secure, enabling SMEs to focus on their core business activities.”
In addition to the SME trade remittance space, HiWiPay also plans to expand its services to cater to students. The company believes that there is a significant need for a platform that can simplify the process of international student payments, making it easier for students to send and receive money across borders.
“Students often face challenges when it comes to sending and receiving money across borders,” said [Founder’s Name]. “Our platform is designed to make international student payments easier, faster, and more cost-effective, enabling students to focus on their studies rather than worrying about the financial logistics.”
HiWiPay’s platform uses advanced technology, including blockchain and artificial intelligence, to ensure secure and efficient transactions. The company’s team of experts in international remittances, fintech, and technology is committed to delivering a seamless and hassle-free payment experience to its users.
The $2 million funding round is a significant milestone for HiWiPay, which will enable the company to scale its operations and expand its services to new markets. With its innovative platform and commitment to delivering a seamless payment experience, HiWiPay is well-positioned to become a leading player in the cross-border payment space.
As the fintech space continues to evolve, it will be exciting to see how HiWiPay’s platform develops and grows. With its focus on simplifying complex payment processes and catering to the needs of students, parents, and businesses, HiWiPay is poised to make a significant impact in the industry.
Source: https://startuptalky.com/news/cross-border-payments-platform-hiwipay-raises-2-million/
