Galaxy Finance receives $30 million in Series B funding for the expansion of its Web3 Wallet and financial education initiatives

Galaxy Finance, a leading Web3 wallet platform, recently concluded a Series B funding round of $30 million. BlackP from Hong Kong, QCP Ventures from Singapore, and Tally Ventures from the United States led the round of investment. This infusion of capital will enable Galaxy Finance to improve its offerings and expand its presence in the swiftly expanding Southeast Asian market.

Galaxy Finance’s primary product is a Web3 wallet for storing digital assets such as cryptocurrencies and non-fungible tokens (NFTs). The platform goes above and beyond traditional wallet functionality by providing a one-of-a-kind social platform that encourages user interaction. In addition, Galaxy Finance acknowledges the importance of education and strives to bridge the divide between technology and new users in developing nations. To enable novices and facilitate their entry into the crypto market, the platform provides learning materials and resources, such as an accessible “Finance 101” course.

Galaxy Finance has already achieved important milestones, including a successful Series A funding round of $8 million. Rapid user adoption has solidified the platform’s position as Southeast Asia’s dominant Web3 wallet provider.

Galaxy Finance’s appeal and potential are demonstrated by the participation of prestigious investors such as BlackP, QCP Ventures, and Tally Ventures. BlackP, a renowned investment fund with a reputation for rigorous evaluation procedures, specializes in Series B/C investments. Established in Singapore in 2017, QCP Ventures seeks to bridge the gap between cryptocurrencies and conventional financial institutions. The United States-based blockchain investment fund Tally Ventures specializes in servicing North American crypto whales.

Galaxy Finance has identified a number of essential characteristics that it intends to enhance with Series B funding. The wallet’s capabilities will initially be expanded to support new blockchain networks and integrate with multiple decentralized exchanges (DEXs). As a consequence of this strategic move, Galaxy Finance is now positioned as an all-in-one wallet solution for both end-users and developers. Second, the incorporation of AI technology will enable users to make informed decisions and optimize their cryptocurrency portfolios by analyzing user behavior. In addition, Galaxy Finance’s DeFi ecosystem will be expanded to offer consumers 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 implement robust marketing and sales initiatives tailored to the unique characteristics of each country in the extensive Southeast Asian market. Galaxy Finance intends to penetrate every nook and cranny of this fertile market and establish a firm presence by utilizing a team of business ambassadors located in numerous nations.

Galaxy Finance intends to extend internationally as it consolidates its market leadership in Southeast Asia. Galaxy Finance is positioned to become a prominent participant in the crypto industry’s evolving landscape 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