Fiat currencies
Crypto Currencies
No results for ""
We couldn't find anything matching your search.Try again with a different term.
IPSIPay Express(IPEX) - Equity Financing
Overview
Funding Date
September 20, 2023
Financing amount
$0.5M
Valuation
--
Category
Subcategory
About IPSIPay Express(IPEX) - Equity Financing
Innovative Payment Solutions, Inc. (OTCQB: IPSID) ("IPSI" or the "Company"), a FinTech provider of digital payment platforms, today announced the funding by IPSI of its second of three $500,000 capital contribution to IPSIPay Express, LLC (IPEX), a Joint Venture poised to redefine the landscape of digital payments in the rapidly growing sports betting, online gaming and entertainment sectors.
The funding represents the second $500,000 tranche of IPSI’s $1.5 million commitment to IPEX and raises IPSI’s equity stake in IPEX from 11% to 22%. A third and final tranche of $500,000 is due by the end of October which, when funded, would raise IPSI’s equity interest in IPEX to 33%.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | -- | 1 | -- |
Company Profile / Project Introduction
IPSIPay Express provides stable banking without interruptions for troubled verticals. It is a one-stop shop for payment solutions. IPSIPay Express makes it easy to get and manage your merchant account, comply with PCI and BSA regulations, and provide 24/7 support. IPEX's Instant-Settlement in RealTime platform, which harnesses blockchain technology through a single application program interface, is being designed to enable instantaneous account-to-account (A2A) settlement of processed transactions, akin to the functionality of Zelle's instant payments transfer system. A2A payments have gained substantial traction in Europe, where they have successfully replaced traditional payment methods.