Galaxy Finance secures $30 million in Series B funding to expand its Web3 Wallet and financial education initiatives

Galaxy Finance, a leading Web3 wallet platform, recently completed a $30 million Series B funding round. Leading investment funds in the round included BlackP from Hong Kong, QCP Ventures from Singapore, and Tally Ventures from the United States. This capital infusion will allow Galaxy Finance to enhance its offerings and expand its reach in the rapidly growing Southeast Asian market.

Galaxy Finance’s core offering is a comprehensive Web3 wallet solution for storing digital assets like cryptocurrencies and non-fungible tokens (NFTs). The platform goes beyond traditional wallet functionality by providing a one-of-a-kind social platform that encourages interaction among cryptocurrency users. Furthermore, Galaxy Finance recognizes the value of education and seeks to bridge the gap between technology and new users in developing countries. To empower newcomers and ensure their smooth entry into the crypto market, the platform provides learning materials and resources, including an accessible “Finance 101” program.

Galaxy Finance has already accomplished significant milestones, including a successful $8 million Series A funding round. The platform has seen rapid user adoption, cementing its position as Southeast Asia’s leading Web3 wallet provider.

The participation of prestigious investors such as BlackP, QCP Ventures, and Tally Ventures demonstrates Galaxy Finance’s appeal and potential. BlackP, a well-known investment fund known for its stringent evaluation procedures, specializes in Series B/C investments. QCP Ventures, which was established in Singapore in 2017, aims to bridge the gap between cryptocurrencies and traditional financial institutions. Tally Ventures, a blockchain investment fund based in the United States, specializes in serving North American crypto whales.

Galaxy Finance has identified several key features that it hopes to improve with Series B funding. To begin, the wallet’s capabilities will be expanded to support new blockchain networks and integrate with various decentralized exchanges (DEXs). Galaxy Finance is now positioned as an all-in-one wallet solution for both end-users and developers as a result of this strategic move. Second, by leveraging user behavior analysis, the integration of AI technology will enable users to make informed decisions and optimize their crypto portfolios. Furthermore, Galaxy Finance’s DeFi ecosystem will be expanded, providing users with seamless access to decentralized finance services such as lending platforms, decentralized exchanges (DEXs), and profit aggregators.

Galaxy Finance will use the Series B funding to not only complete the aforementioned features, but also to implement robust marketing and sales initiatives tailored to the distinct characteristics of each country within the vast Southeast Asian market. Galaxy Finance intends to penetrate every corner of this fertile market and establish a strong presence by leveraging a team of business ambassadors located in various countries.

Galaxy Finance intends to expand on a global scale as it consolidates its position as a market leader in Southeast Asia. Galaxy Finance is poised to become a prominent player in the evolving landscape of the crypto industry by combining a feature-rich Web3 wallet, comprehensive financial education programs, and strategic partnerships with renowned investors.

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Company Name: Galaxy Finance
Contact Person: Syphon Gale
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Country: Singapore