SBI Group, E.Sun, Systex and AppWorks all contributed to the crypto trading technology provider's pre-series A round.

Taiwan-based crypto trading platform provider XRex has raised $17m in a pre-series A round featuring financial services firms SBI Group and E.Sun, IT services provider Systex and app developer AppWorks.

The round was led by CDIB Capital Group and included Metaplanet Holdings, Black Marble, New Economy Ventures and Seraph Group, while SBI and E.Sun participated through SBI Investment and E.Sun Venture Capital respectively.

Founded in 2018, XRex uses blockchain technology to create payment and software products to help merchants make…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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