Rextie, a Peruvian startup dedicated to digital currency exchange, is preparing its internationalization and will operate in Canada during the first quarter of this year. Internationalization towards Canada As the first step in its internationalization process, Rextie, a Peruvian startup dedicated to digital currency exchange, will take its platform to Canada. It will operate in that country during the first quarter of this year. According to what was reported by its CEO and co-founder, Mateu Batle Sastre, this decision was made after discovering similarities in the currency exchange market between Peru and Canada.
They found the low use of technology
In this area, regulatory facilities and access to capital for investors as an accelerator for this path. As part of this process, the company has already registered its presence in Canada and has the necessary permits to operate, as well as solid alliances with financial institutions. As indicated by Rextie, they have also adapted both their Russia WhatsApp Number Data processes and their product for the Canadian market. Within its projections in the international market, the startup will focus on providing currency exchange services to medium and large companies. Additionally, they expect to shift up to $600 million into the platform during its first year of operations.
On the hunt for leading investors Rextie
Is looking to raise a US$3 million Series A round to accelerate its business growth in Canada, with the round scheduled to close this year. To date, the company has managed to UK Telegram Number List exchange more than US$4 billion, while its transactions exceed 1.5 million transactions. Likewise, they have managed to attract more than 15,000 clients since its founding in 2017 in the Peruvian market. According to Mercado Negro, Batle Sastre pointed out that the company has already aroused solid interest from leading investors in corporate venture capital and venture capital from the States, Canada and Europe, who would be in covering up to 70% of the round.
