Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

Cyber insurtech BOXX Insurance announces USD $10M Series A round to further accelerate growth, prepare for international expansion

Published

on

 

BOXX, the leading cyber insurance provider for small businesses, individuals and families, announced today that it has closed its oversubscribed USD $10 million (CAD $12.7 million) Series A-round in a bid to accelerate growth and expand its footprint internationally. The new investors are Cyber Mentor Fund (CMF), Zurich Insurance Group (Zurich) and SixThirty Ventures.

“In a world impacted by major technological and societal disruptions, the expectations around cyber and privacy protection have never been more important,” says Vishal Kundi, CEO of BOXX, which he co-founded with Mike Senechal.

BOXX Insurance Inc. was launched in 2018 and now has a strong trading presence in Canada and in selected markets in Europe and Latin America. BOXX’s innovative approach has been recognized across the world including being selected for the industry’s leading innovation program: Lloyd of London’s Lab and the Monetary Authority of Singapore’s prestigious program for fast growing fintechs.

“Our model has been proven to help clients identify and stop attacks and should an incident occur, minimize the trauma and damage that typically ensues,” says Kundi. “We want to continue to make it easier for customers to be smarter and more resilient to cyber threats”.

The Series A funding will help BOXX expand the team to support the increasing growth in demand from brokers, partners and clients and prepare for international expansion, Kundi adds.

BOXX also announced a global partnership with Zurich.  Says Jack Howell, CEO of Zurich Global Ventures:  “BOXX‘s prevention-led approach convinced us that they are building a winning business with the potential to actively shape cyber insurance for small to mid-sized businesses and consumers. They are an exciting business and passionate about making cyber security simple for customers by integrating tools and technology with insurance. The combination of their knowledge and Zurich’s global reach and international expertise is a win-win situation for Zurich customers and BOXX.”

“A massive opportunity exists to help companies and consumers reduce their growing digital risk exposure and we believe BOXX will play a role given their deep roots in the insurance industry and prevention-led approach,” says Tim Eades, General Partner, CMF. “We couldn’t be more excited about the relationship between Zurich and BOXX, and are thrilled to be investing at a time in the BOXX journey when they are seeing unrivaled traction and staking a claim as a dominant force in the industry.”

“The BOXX team is committed to protecting businesses and consumers and reducing their cyber risk, which is paramount in today’s digitized world,” said Atul Kamra, Managing Partner at global venture firm SixThirty Ventures. “BOXX‘s digital health tracker and cyber training platform allows consumers and businesses to improve their cyber hygiene practices, significantly reducing the chances of a breach from occurring in the first place.”

Fintech PR

PayPal’s Xoom partners with Tenpay Global to offer cross-border remittances to Weixin

Published

on

paypal’s-xoom-partners-with-tenpay-global-to-offer-cross-border-remittances-to-weixin

New collaboration enables convenient and secure remittances to Weixin Pay users in China

SINGAPORE, April 9, 2025 /PRNewswire/ — Starting today, Weixin Pay users can now receive cross-border transfers from Xoom, a PayPal service and a pioneer in digital remittances. This new partnership between Tenpay Global, Tencent’s cross-border payment platform, and Xoom allows Weixin Pay users to receive money directly into their Weixin Pay Wallet Balance or bank accounts linked to Weixin Pay through Xoom or PayPal’s mobile app and website.

Xoom and PayPal users in United States, Canada and Europe can now access reliable and affordable cross-border money transfers to their own or family members’ Weixin Pay accounts, with additional countries to come in the future. Weixin Pay users can receive the funds frictionlessly, typically in as fast as a few minutes, for flexible use within the Weixin app for transfers, top-ups and shopping.

“Xoom has long been known as a fast, easy, inexpensive way to send money to friends and family across borders – and now, being able to send funds to Weixin Pay users from the US, Canada and Europe, we’re continuing to connect users wherever they might be and for what they might need funds for,” said Paul Bances, Vice President of Market Development for Xoom.

“This partnership reaffirms Tenpay Global’s commitment to not only bridging the Weixin ecosystem with the global markets but also enhancing user value through streamlined and secure cross-border remittances. By addressing everyday needs—from family support to daily expenses—we aim to create meaningful value in our users’ lives beyond mere transactions,” said Wenhui Yang, CEO of Tenpay Global (Singapore).

The service is now live and available through the Xoom and PayPal mobile app. Users may also visit Xoom.com or PayPal.com to start the remittance experience.

Xoom or PayPal users in the United States, Canada, and Europe can easily send remittances to Weixin in just a few simple steps.

About Xoom

A pioneer in digital remittances, Xoom is a fast and easy way to send money, pay bills and reload phones for friends and family in approximately 160 countries globally. With Xoom, customers can access a fast and reliable way to send money, by simply downloading the Xoom or PayPal mobile app, or visiting Xoom.com or PayPal.com.

About Tenpay Global

Tenpay Global, the cross-border payment platform of Tencent, is the gateway to seamless cross-border payment solutions for businesses and individuals. Tenpay Global offers scenario-based services for different customer groups, including cross-border consumption, cross-border remittances, and cross-border commerce scenarios. Together with global partners, Tenpay Global is committed to bridging the world’s payment networks with Weixin’s ecosystem in China.

Photo – https://mma.prnewswire.com/media/2660090/image.jpg
Photo – https://mma.prnewswire.com/media/2660091/Xoom_PayPal_users_United_States_Canada_Europe_easily_send_remittances.jpg

Advertisement

Cision View original content:https://www.prnewswire.co.uk/news-releases/paypals-xoom-partners-with-tenpay-global-to-offer-cross-border-remittances-to-weixin-302424122.html

Continue Reading

Fintech PR

CE-LINK Unveils Next-Gen Solid-State Battery Power Bank, Leading a New Era of Mobile Charging

Published

on

ce-link-unveils-next-gen-solid-state-battery-power-bank,-leading-a-new-era-of-mobile-charging

HONG KONG, April 9, 2025 /PRNewswire/ — CE LINK LIMITED (“CE-LINK”), a leading manufacturer of consumer electronics, is thrilled to introduce its latest generation of power banks, featuring revolutionary solid-state battery technology, redefining safety and performance. From April 11-14, visit booth 3A-02, Hall 3 at AsiaWorld–Experience this game-changer at the upcoming Global Sources Electronic Show in Hong Kong.

Advancing Safety and Performance with Solid-State Technology

CE-LINK’s next-gen power banks replace liquid lithium-ion batteries with advanced solid-state lithium-ion polymer batteries for superior benefits:

  • Superior Safety: The non-flammable solid electrolyte eliminates fire and explosion risks of traditional liquid batteries. Tested under extreme conditions—steel needle puncture, extrusion, drop, overcharge, and overdischarge—these power banks ensure unmatched safety.
  • Extended Lifespan: Solid-state batteries far exceed the life cycle of traditional lithium batteries, making them a more sustainable choice. These power banks retain over 80% of their original capacity even after 500 charge cycles.
  • Wider Operating Temperature: Supports 0°C to 45°C for charging and -20°C to 60°C for discharging. They maintain stable performance in both hot and cold environments, making them ideal for outdoor exploration and polar scientific research scenarios.

Versatile Power Bank Series to Meet Diversified Needs

CE-LINK’s new power bank lineup caters to diverse user scenarios with multiple models:

  • PD Slim Power Bank (5000mAh & 10000mAh): Ultra-thin 10.8mm design fits easily in pockets and bags. The storable USB-C lanyard cable makes it perfect for commuting and short trips.
  • Built-in Retractable Cable Power Bank (5000mAh/10000mAh): Features a patented 75cm USB-C retractable cable, tested for 10,000 uses. With a gentle pull, the cable retracts smoothly from any length—ideal for frequent travelers.
  • USB-C Power Bank (5000mAh): A push-slip design extends and stows the USB-C port for charging and protection. Rigorously plugging and pulling tested 10,000+ times, ensuring durability. Built-in zinc alloy bracket adds usage flexibility.
  • 67W 2-in-1 Power Bank (10000mAh): Combines a GaN charger and power bank, with a foldable AC pin supporting global voltage. The intelligent LCD screen shows real-time output power of each port, and 67W output charges laptops, tablets, and phones simultaneously—ideal for business professionals.

CE-LINK remains dedicated to pioneering cutting-edge charging solutions that enhance user experience. “Solid-state battery technology is the future of power banks,” said Erica, Product Manager at CE-LINK. “This launch not only brings unparalleled safety and performance to users but also drives the industry towards more efficient and reliable power solutions.”

About CE-LINK

Founded in 2004, CE-LINK is a leading OEM and ODM company dedicated to developing cutting-edge consumer electronics solutions. With over 20 years of precision manufacturing expertise, CE-LINK leads innovation, focusing on research, development, and sustainability to deliver next-gen technologies that meet the evolving needs of global consumers and businesses.

For more information on CE-LINK, please visit www.ce-link.com.

Or following them on:
LinkedIn: www.linkedin.com/company/ce-link
Facebook: www.facebook.com/CELINK.ELECTRONICS
Media Contact:
market@ce-link.com

Photo – https://mma.prnewswire.com/media/2659894/CE_LINK_Solid_State_Battery_Power_Bank_Series.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/ce-link-unveils-next-gen-solid-state-battery-power-bank-leading-a-new-era-of-mobile-charging-302423229.html

Advertisement
Continue Reading

Fintech PR

Hex Trust Partners with IDA to Provide Institutional-grade Custody for Stablecoin Products

Published

on

hex-trust-partners-with-ida-to-provide-institutional-grade-custody-for-stablecoin-products

HONG KONG, April 9, 2025 /PRNewswire/ — Hex Trust, a leading digital assets financial institution specializing in custody, staking, and markets services has partnered with IDA, a premier HK-based fintech company. Through this collaboration, Hex Trust will provide licensed, institutional-grade custody services for IDA’s stablecoin products, enabling compliant and seamless cross-border commerce and digital payments.  

With its multi-jurisdictional licenses, and deep institutional expertise, Hex Trust will ensure secure and compliant custody solutions that uphold regulatory standards and enhance security for all transactions with IDA. Furthermore, IDA and Hex Trust will collaborate to explore real-world use cases for cross-border trade, aiming to enhance payment efficiency while ensuring regulatory requirements.

“The stablecoin initiative will strengthen Hong Kong’s competitive edge as a global financial hub,” said Giorgia Pellizzari, Managing Director and Head of Custody of Hex Trust. “Our role as an institutional-grade custodian reflects our commitment to fostering a secure and compliant financial ecosystem for digital assets. We’re excited to partner with IDA to propel the success of this innovative product.”

Sean Lee, Co-Founder and CSO of IDA, stated, “This marks just the beginning of our partnership. Beyond custody, we are exploring new opportunities to unlock global trade and commerce, enabling smoother transactions in collaboration with Hex Trust.”

In addition to the stablecoin solution, IDA is developing a comprehensive financial infrastructure to bridge stablecoin operations with enhanced connectivity between blockchain networks and traditional financial systems. Hex Trust and IDA are also exploring deeper collaborations, including FX features, on this robust platform to foster a thriving stablecoin ecosystem.

About Hex Trust

Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit Hextrust.com or follow Hex Trust on LinkedIn, X, and Telegram.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.   

IDA will launch a stablecoin product which is designed to drive enhanced connectivity of digital currency for seamless commerce and payments between Hong Kong and global markets, 24/7/365.  To maintain the highest level of security and stability, all circulating stablecoins will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.  

Advertisement

More information can be found at idafi.xyz / LinkedIn / X

Disclaimer:

This post is for informational purposes only and is not financial, investment or other advice, nor a recommendation, endorsement, offer, solicitation or sale of any kind in any jurisdiction.  As always, users should do their own research and are urged to seek independent financial, investment and other advice before taking any initiative in connection with the information contained herein. The information contained in this article is intended to be current at the time of publication, but may not remain so indefinitely.  Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions nor to all persons.

Photo – https://mma.prnewswire.com/media/2493285/IDA_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/hex-trust-partners-with-ida-to-provide-institutional-grade-custody-for-stablecoin-products-302423239.html

Continue Reading

Trending