Zipmex Secures Over $41M USD in Series B Funding

August 31, 2021

Marcus Lim
Marcus Lim

We are proud to announce that Zipmex has secured over $41M USD in Series B funding to continue our rapid growth and product innovation. Through this period, we have provided industry-leading services which seek to transform the way people buy, sell and hold digital assets. To date, we have helped process over US$4 Billion in gross transaction volume since our launch in 2019. 

This marks a highly anticipated milestone for Zipmex that has seen multiple companies taking a keen interest and commitment during this investment round. These investors not only provide funding but also strategic partnerships to enable Zipmex to continue to bridge digital assets with real-world experiences.

We welcome our new investors with the Bank of Ayudhya’s corporate venture capital arm, Krungsi Finnovate, who has joined as an investor. Plan B Media Public Company Limited and Master Ad Public Company Limited have also announced their commitment to the company in the Series B fundraising. 

“This commitment from Krungsri Finnovate is a huge step forward for us. It represents not only the validation of our business model and approach to innovation but also of the potential for digital assets to become a core part of our lifestyle,” said Zipmex CEO, Marcus Lim

“A marriage of digital assets and traditional banking can provide new innovative use cases for money, which we have demonstrated through ZipWorld. Further use cases of Zlaunch and ZipNFT are just the starting point of our banking-forward, lifestyle-focused product suite”

Spend, save, and earn with products made for digital asset holders. 

Aside from being a fast, liquid and secure digital asset platform, Zipmex has focused on expanding the number of ways in which its users can earn, spend and earn rewards, underpinned by their own token – ZMT (Zipmex Token)

The “earn” products include ZipUp — a flexible earnings account with daily payouts of up to 8% APY, and  ZipLock – a fixed-term earnings account with yields up to 14% per annum with bonus APY for ZMT holders. 

ZipSpend, a digital asset payment solution for businesses looking to accept cryptocurrency as payment, has already facilitated several regional firsts in luxury vehicles, art, and property transactions. 

Earlier this month, we announced Zipmex Card, a new Visa-backed payment card to be launched later this year. This will give Zipmex users the freedom to spend their digital assets at any of the more than 70 million merchants in Visa’s global payments network.

On top of these core offerings, ZipWorld will enable users to redeem exclusive lifestyle products and access one-of-a-kind experiences and rewards using the Zipmex Token. Zlaunch will give users early access to new investment tokens exclusively on the Zipmex Exchange.

“As digital assets have become increasingly popular, so has the demand for earn and spend products. ZipSpend and the Zipmex Card aim to revolutionize payments across the region by offering users greater flexibility, while ZipUp, ZipLock, ZipWorld, and ZLaunch provide unprecedented earning opportunities,” added Mr. Lim. “It is also important to note that any product we release will have to be approved by the relevant regulatory bodies first.”

We would like to thank the almost 1 million registered users who have joined us so far. This funding injection will allow us to continue to build out the Zipmex Ecosystem to bring more value, experiences, and innovative products to our Zipmex community.

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.


The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.

Before you pay Zipmex any money or DPT, you must be aware of the following.

  1. Zipmex is not currently licensed by MAS to provide DPT services. This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
  5. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction.

ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. Please review this link for the full terms and conditions and risk disclosure.