The Cyprus fintech innovator, INXY Payments, just announced a closed funding round with $3 million. This investment round was led by Flashpoint VC, joined by multiple angel investors. A strategic investment which reflects increasing trust in INXY’s goal to make cryptocurrency payments accessible, at the same time, and yet compliant within conventional business settings.

The $3 million capital will accelerate INXY’s efforts towards simplifying business-to-business crypto transactions across the world. INXY aims to streamline cryptocurrency payments in businesses of various sizes by boosting its platform capabilities, including multichannel and multi-currency processing, payouts, and frictionless crypto-to-fiat conversions. 

This influx of funds is also expected to fuel the firm’s expansion agenda into new international markets, offering the company increased access to clientele and innovation through the crypto economy.

INXY Payments is an EU-licensed payment platform established in 2022 and headquartered in Cyprus. The company focuses on the integration of cryptocurrency payments into traditional business operations, always ensuring compliance with relevant regulations. 

Read also: Rho Labs Raises $4M to Build the First Crypto-Native Interest Rate Market!

INXY’s platform offers a range of features designed to simplify the acceptance of cryptocurrencies for businesses, including multi-currency processing, automated payouts, and seamless crypto-to-fiat conversion. Having transacted more than $500 million in annual volumes, INXY allows businesses to accept, send, and exchange digital assets quickly and efficiently. 

Founder & ceo  Ruslan Zholik . Ruslan has more than 15 years of experience as an entrepreneur in the sectors of fintech, adtech, SaaS, hosting services, and blockchain.

His leadership is complemented by Co-founder and Chief Product Officer Sergey Kuznetsov, who has launched more than 50 products and services across various industries, including IT, e-commerce, fintech, and edtech, and brings over a decade of product management experience to the team. Co-founder and Chief Commercial Officer Vad Colcev, with over 10 years of entrepreneurial experience, has developed and supported successful ventures like the hosting marketplace INXY Hosting. 

Read also: The Game Company raises $10M to redefine cloud gaming with blockchain!

INXY’s payment gateway is a platform that helps integrate cryptocurrency payments into traditional business operations, providing capabilities such as multi-currency processing, automated payouts, and crypto-to-fiat conversion. This is done to simplify the integration process for businesses looking to accept cryptocurrencies while maintaining relevance under the regulatory umbrella in place. 

It allows businesses to easily integrate digital assets within the payment systems of their business, increasing flexibility and expanding a business’s customer base.

Flashpoint VC, the lead investor in this funding round, has a history of supporting fintech innovations. Their investment in INXY reflects a shared vision of making cryptocurrency payments more accessible and compliant for businesses. This partnership is expected to bolster INXY’s efforts in expanding its global presence and driving innovation in the crypto economy.

With the new funding, INXY is poised to enhance its platform’s capabilities, ensuring that businesses can integrate cryptocurrency payments seamlessly and compliantly. The company plans to expand its global footprint, reaching more businesses worldwide and driving innovation in the crypto economy. By simplifying crypto transactions and ensuring compliance, INXY aims to make cryptocurrency payments more accessible for businesses, thereby contributing to the broader adoption of digital assets in commerce.