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Currensea and Ant Group Expand Global Reach

Travel debit card provider Currensea has triumphantly exceeded its crowdfunding target on Seedrs, raising over Β£1.7m from 760 investors in just four hours, surpassing the initial Β£1m target at a valuation of Β£28.5m. πŸš€ This success follows Currensea’s milestone of reaching 100k cardholders in March, with its money-saving app now used globally every nine seconds. πŸ’³ Currensea claims to save users at least 85% on every overseas transaction by eliminating traditional banking fees. The funds will drive future customer acquisition and enhance its co-brand offering. 🏦 Co-founder James Lynn attributes the success to the revived travel appetite post-pandemic and the investor demand for a simple, fee-eliminating solution. In 2022, Currensea raised Β£4.5m through Seedrs and VC investment, accumulating a total of Β£11m since launch.

Meanwhile, Ant Group has acquired Dutch payments firm MultiSafePay, integrating it with Antom, Ant’s international subsidiary. 🌐 This acquisition aims to enhance Antom’s support for merchants across 40+ markets, accepting over 100 currencies. MultiSafePay provides omnichannel payment services, connecting 40+ international payment methods, including cards, e-wallets, and BNPL. Antom also brings marketing and digitalisation services to local and regional businesses, aiming to foster secure, flexible, and efficient payment solutions. SMEs are the cornerstone of global commerce, and this collaboration promises to build a more inclusive and sustainable global commerce ecosystem. #Fintech #Crowdfunding #DigitalPayments #GlobalCommerce 🌍

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