EMQ, which operates a financial settlement network to streamline cross-border transactions, has raised $20m in Series B funding round.

The round was led by WI Harper Group and saw the participation of several new and existing investors.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The new proceeds will be used to support EMQ’s international growth, licencing in key markets and product development.

EMQ co-founder and CEO Max Liu said: “At EMQ, we are building a global settlement network that enables everyone to send money anywhere in the world and to any end point with a simple one-stop integration.

“This new funding marks a significant milestone in our next phase of strategic growth as we continue to innovate and deliver a network infrastructure that complies with regulatory requirements and streamlines the complexities in processing real-time international payments across the whole payment ecosystem.

“We are excited to partner with WI Harper as well as our new and existing VCs, who share our passion to make infrastructure a competitive advantage for next-generation enterprises.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

EMQ’s network infrastructure is flexible and can be deployed to meet the requirements for various industry verticals. The technology expedites settlements by eliminating redundant intermediaries and integrating all end-points.

Currently, EMQ is licenced in Hong Kong, Singapore and Indonesia. It is also registered as a Money Service Business in Canada.

Earlier this month, Cambodia-based microfinance institution AMK partnered EMQ to facilitate cross-border money transfer across Southeast Asia.