back Back

Neobank startup iPeakoin raises nearly $10m Series A from Zhenfund

By Gloria Mathias

November 29, 2023

  • APAC
  • APAC Banking
  • APAC Fintech news

iPeakion, Funding News, Banking Platform, Payments, Crypto Payments, Banking Technology, Singapore, Hongkong News. Singapor Fintech, Hongkong Fintech, Global Fintech news, Fintech Funding, Series A Funding, India, MENA, APACiPeakoin, a neobank building solutions across traditional finance and crypto, has closed its Series A funding round, with close to $10 million led by ZhenFund.

Founded in 2020, with dual headquarters in Singapore and Hong Kong, iPeakoin has distinguished itself in the FinTech landscape by bridging traditional finance and the crypto industry.

iPeakoin’s product suite is comprehensive, catering to a diverse range of clients from traditional industries such as advertising and gaming to global trade and Web 3.0 projects.

iPeakoin plays a crucial role in mainstream crypto adoption, addressing the demand for a banking platform that can manage both crypto payments and traditional financial services. Its ecosystem narrows the gap between traditional and digital finance, helping businesses streamline payment flows and access new market shares.

Michael Wu, the Founder and CEO of iPeakoin, highlights the importance of crypto in cross-border corporate transactions, emphasising its role in business operations over investment opportunities. He notes that a significant number of multinational corporations are utilising crypto for business purposes.

“We see more and more companies in traditional industries adopting crypto for various reasons, especially those operating in countries with an unstable economic environment and volatile currency exchange rates,” according to Robert Feng, the VP of Sales and Strategy. “It’s also a good sign to see regulators formulating relevant policies so that cooperates and service providers like us know how we move forward in a compliant manner.”

iPeakoin is also investing heavily to build up banking infrastructure across multiple continents, including the Middle East, Latin America, and India. “We are frequently asked by our clients if we can help them in this or that country, so we have to move at lightning speed to build up local capabilities by working with local banks or payment providers,” said Michael.

Rommy Song, iPeakoin’s co-founder and Head of Product, shared, “We aim to develop an innovative product that enables new businesses and new markets to foster their growth. By effectively combining traditional financial infrastructure with blockchain technology, we can offer more efficient solutions that align with the evolving demands of the new business landscape.”

Previous Article

November 29, 2023

Webexpenses and Wise Platform partner on multi-currency expense solution

Read More
Next Article

November 29, 2023

FinTech MyTU achieves Principal Membership status with Visa

Read More

IBSi Daily News Analysis


July 19, 2024


SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


UK FinTech Sokin secures investment from Morgan Stanley

Read More


NAB, Plenti and Banked switch on Pay by Bank to facilitate loan payments

Read More


FAB and Visa partner to expand B2B cross-border payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024