Fintech PR
Orbital Raises £5M to Help Enterprises Realise the Potential of Blockchain Payments
Ahead of the widespread adoption of crypto payments by businesses worldwide, London-headquartered Orbital group announces its first institutional capital raise, having been profitable since launching in 2017
LONDON, Aug. 3, 2023 /PRNewswire/ — Orbital, the London, Tallinn and Gibraltar-based traditional finance and crypto payments platform for global enterprises, has raised £5M ($6.4M) in an oversubscribed growth round led by Golden Record Ventures, at an attractive valuation in which the founders are maintaining a large majority.
Participants in the round include New Form Capital, GSRV, Psalion and Luminous Futures. The funding marks Orbital’s first institutional capital raise, having been bootstrapped and profitable since being founded in London in 2017.
Orbital provides a range of traditional payment and global FX solutions, but where it deviates from the norm is that it also offers licensed crypto payment services, especially focusing on the business use cases for stablecoins in cross border payments.
Facilitating Fiat and Blockchain Payments
Orbital combines fiat and crypto business accounts to enable traditional, global enterprises, particularly those with exposure to emerging markets, to integrate stablecoins, as well as other major cryptocurrencies and traditional currencies, into existing payment flows. Its APIs further act as an embedded finance solution for stablecoin payments.
For example, companies can accept cryptocurrency payments from customers, off-ramp into traditional currencies like USD, GBP and EUR, and settle into IBAN accounts in minutes. Customers can instantly access new markets, without the need for a physical presence or domestic bank accounts, and if they so choose there’s no need to handle cryptocurrencies themselves.
Orbital is licensed by the Financial Conduct Authority as an authorised payment institution in the UK, and as a virtual currency service provider in Estonia, with other licences to be announced in the coming months.
Orbital’s first institutional capital raise comes ahead of it raising a Series A round, and, despite the current crypto bear market, off the back of its seven-digit monthly revenue having grown over 40% in the last 6 months. It has over 80 clients processing $250M of value every month. Orbital’s headcount is 95 globally, with three offices across London, Estonia, Gibraltar.
The funding round will enable Orbital to continue its rapid growth, secure additional licences in new jurisdictions, and further develop its product.
Corporate Crypto Circumspection
Deloitte’s Global Blockchain Survey found that 80% of senior executives believe that digital assets will be very/somewhat important to their respective industries in the next two years, while data from The Block and Bitquery shows that there were $10 trillion dollars worth of on-chain payments in stablecoins over the last 12 months alone.
However, despite the understanding that digital assets are necessary, adoption has been slow amongst corporates because of a lack of internal knowledge and a mistrust of the industry.
Among digital assets, payments in stablecoin are becoming rapidly more normalised for businesses operating globally because they offer significant benefits for cross border low value C2B and high value B2B payments, particularly when an emerging market is involved. However, although there is currently a plethora of tools available for this, many larger businesses and corporates have struggled to find an overarching solution that doesn’t upset existing banking relationships.
A Single Platform For Multi-Asset Payments
Orbital’s industry-first product bridges the gap between traditional finance and digital asset treasury solutions, offering a regulated, secure and frictionless experience for multinational corporates. It acts as a single point of access to a range of tools needed to run a treasury operation, including multi-currency accounts, foreign exchange, global payments and digital asset custody. Orbital also offers its crypto payment rails via API allowing online merchants the ability to embed crypto payment into their own product or service.
Luke Wingfield-Digby, co-founder and Head of Corporate Development of Orbital, comments: “We believe all modern, global companies will require access to both blockchain and fiat payment rails, from one single platform, to effectively manage their business in the future. Orbital has been built by veterans who deeply understand the needs of large enterprises, which until now have been massively underserved. Our combined expertise in both traditional finance and crypto means that we are uniquely positioned to serve their demands. Bootstrapped and profitable since 2017, we’ve both grown rapidly and raised financing in a very difficult crypto bear market. Now we’re ready to scale even further and push our platform towards the bleeding edge of fintech.”
Jad Benabdelkhalek, General Partner at Golden Record Ventures, adds: “The Orbital team has developed a best-in-class, licensed technology platform that caters specifically to large corporates and enterprises. Up until now these have been underserved, meaning there is a distinct lack of competition, and a huge opportunity for Orbital to fill that gap. The global business community is starting to understand the value and importance of stablecoins and digital assets, and we are delighted to back Orbital which is at the forefront of enabling this change.”
About Orbital
Orbital is a London–Tallinn–Gibraltar based traditional finance and crypto solutions platform for global enterprises. It is a group of licensed providers of a range of traditional payment and global FX solutions, and also for crypto payments, especially focusing on the business use cases for stablecoins in cross border payments. The company has a headcount of 95 globally, with three offices across London, Estonia, Gibraltar. It has raised £5M, with its latest round led by Golden Record Ventures, with participation from New Form Capital, GSRV, Psalion VC and Luminous Futures.
Golden Record Ventures
Golden Record Ventures (GRV) is a London-based early-stage VC firm investing in blockchain applications within the fintech space. Founded in late 2022 by Managing Partners Filippos Kodellas and Jad Benabdelkhalek, the team draws from its investing and restructuring experience to support outliers in disrupting legacy products and services. With a focus on Europe and emerging markets, GRV actively seeks out innovation in payment solutions, asset management, capital markets and the infrastructure that binds them together. GRV has backed 7 companies to-date, including Parfin, Sylq and Freename.
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SHARJAH, UAE, Jan. 15, 2025 /PRNewswire/ — American University of Sharjah (AUS), invites outstanding international students to apply for the President’s Scholarship for Fall 2025. Open to applicants who have completed their secondary education outside the UAE, this scholarship provides talented students with the opportunity to join a dynamic academic community that fosters innovation, collaboration and leadership.
AUS is ranked among the top five universities in the UAE for its number of international students according to QS World University Rankings 2025 and third for its international student ratio in the Arab region according to QS Arab Region University Rankings 2024. With a campus that represents approximately 90 nationalities, AUS offers an inclusive and vibrant environment where diverse perspectives enrich academic and personal growth.
The scholarship covers full tuition and lab fees, on-campus housing, student medical insurance and a monthly stipend to support living expenses. Recipients also benefit from three annual round-trip tickets during their studies.
Dr. Tod Laursen, Chancellor of AUS, underscored the significance of the scholarship, stating: “The President’s Scholarship reflects our steadfast commitment to providing talented students from around the globe with access to an education that is both transformative and empowering.”
Students at AUS benefit from remarkable opportunities to engage in innovative research studies, thanks to the establishment of six cutting-edge research centers. These include the Artificial Intelligence, Smart Infrastructure and Robotics Research Center; the Materials Research Center; the Center for Entrepreneurship, Innovation and Sustainable Development; the Energy, Water and Sustainable Environment Research Center; the Center for Arab Studies and Islamic Civilizations; and the Advanced Biosciences and Bioengineering Research Center.
Located in Sharjah, the cultural capital of the UAE, AUS combines tradition with modernity on a campus that inspires exploration and discovery. AUS students are immersed in a thriving ecosystem of cultural heritage, entrepreneurship and technological advancement. The vibrant campus life offers opportunities for personal development and engagement through over 120 student-led organizations, including cultural clubs that celebrate global traditions, academic associations that drive professional excellence and interest-based clubs that cater to diverse passions and talents.
The President’s Scholarship is open for applications until Thursday, April 17, 2025, and renewable for students who continue to meet the scholarship’s requirements. Prospective applicants can visit apply.aus.edu to learn more about the eligibility criteria and submit their applications. To know more about the scholarships and grants offered by AUS, visit www.aus.edu/scholarship.
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View original content:https://www.prnewswire.co.uk/news-releases/aus-announces-presidents-scholarship-for-international-students-302351720.html
LONDON, Jan. 15, 2025 /PRNewswire/ — elevendigits Ltd, a company at the forefront of financial technology and business funding solutions is thrilled to announce the launch of three business loan comparison websites tailored to the needs of entrepreneurs in the United Kingdom, the United States, and New Zealand: business-loan.uk, business-loans.com, and businessloan.nz.
This strategic expansion effort reflects elevendigits’ commitment to simplifying the financial decision-making process for businesses across many different markets. By offering user-friendly platforms designed to make life easier, these websites provide transparent, accessible and efficient loan comparisons for companies of all sizes.
Meeting the Needs of Global Entrepreneurs
These 3 new websites are tailored not only to the unique issues and regulations, but also to the opportunities within their respective markets:
- business-loan.uk: Designed specifically for the UK business landscape, it addresses the growing demand for tailored funding options, helping startups and SMEs navigate a competitive market.
- business-loans.com: Caters to the vast US business ecosystem. This platform matches entrepreneurs with a wide array of financing opportunities. This ensures they find the best fit for their growth ambitions.
- businessloan.nz: Focused on New Zealand’s entrepreneurial community. It seeks to simplify the access to funding solutions for businesses that prioritize agility and innovation.
Streamlined Access to Business Financing
The platforms provide comprehensive loan comparison tools that let business owners evaluate multiple funding options based on several categories such as interest rates, repayment terms, eligibility requirements and lender reputation. Each site features:
- Personalized Recommendations: Tailored loan matches which are based on your business profile and funding needs.
- Educational Resources: Guides, articles and tools to help business owners make informed decisions.
- Secure and Efficient Application Processes: A streamlined experience that lets you save time and reduces the complexity of securing funding.
A Vision for Empowered Business Growth
“Access to the right financial tools can be transformative for businesses,” said the CEO of Elevendigits Ltd. “By launching these platforms, we’re ensuring that entrepreneurs in the UK, USA and New Zealand can confidently navigate their financing options and grow their businesses.”
About Elevendigits Ltd
Elevendigits Ltd is a global leader in financial technology, dedicated to creating solutions that can form a connection between businesses and the financial institutions capable of funding them. With a strong eye for transparency and accessibility, Elevendigits continues to simplify the life of entrepreneurs worldwide.
View original content:https://www.prnewswire.co.uk/news-releases/elevendigits-ltd-launches-three-different-business-loan-comparison-websites-302351681.html
Fintech PR
HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
Embracing a New Era of Crypto Growth with Enhanced Security, Premium Listings, and Global Expansion in 2025
SINGAPORE, Jan. 15, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today released its annual report, “Embracing Global Growth with Innovation and Trust,” detailing its significant achievements in 2024 and outlining its ambitious roadmap for the year ahead.
Read the full report here: https://square.htx.com/htx-2024-recap-2025-outlook/
2024: A Year of Explosive Growth Across Multiple Fronts
In 2024, HTX demonstrated remarkable progress across key areas, including user acquisition, trading volume, product innovation, compliance, and ecosystem development. This success was driven by cutting-edge offerings, excellent services, and a robust global strategy.
- Key Metrics Show Accelerated Growth Through Innovative Events
HTX’s performance metrics reveal unparalleled momentum. The platform welcomed 3 million new registered users in 2024, bringing its total user base to over 49 million. Trading volume surged, reaching nearly $2.4 trillion, marking a 100% year-over-year increase with consistent monthly growth. User assets also saw significant growth, with a net capital inflow of $1 billion, bringing the total to $5 billion—a robust 80% increase compared to early 2024.
These achievements can be attributed to the success of HTX’s innovative events, such as Launchpool, Trade to Earn, Earn with Pending Orders, Borrow & Earn, SmartEarn, and the 11th Anniversary Series. These events fostered unprecedented engagement, trading volume, and rewards offered to participants.
Over the past year, community members actively participated in HTX DAO, casting over 350,000 votes. Based on the governance proposals passed by HTX DAO, HTX introduced new models such as “Multiple Staking Rewards” to enhance the value of $HTX. These models further strengthened the competitiveness of the $HTX token. Data shows that thanks to mechanisms such as Liquidity Pledge and Token Burns, the total number of users holding $HTX on the HTX exchange reached over 720,000. Moreover, the amount held by large holders increased by 268%, with the number of large holders possessing over 100,000 USDT experiencing a 110% increase.
- Spotlight on Emerging Trends and Early Opportunities
Leveraging its market insights, HTX listed 218 high-quality assets in 2024, including WIF, BOME, ONDO, and ENA, across diverse hot sectors including DePIN, RWA, and meme coins. Notably, 171 of these assets were initially listed on HTX.
SUNDOG, the best-performing coin within the SunPump ecosystem, experienced a remarkable 37-fold growth after its listing, becoming a key driver of SunPump’s success. Recognizing the importance of identifying and capitalizing on emerging opportunities, HTX promptly launched the Crypto Gem Hunt to help users discover and capitalize on potential wealth-generating assets.
- Commitment to Security and Regulatory Compliance
HTX made significant strides in global compliance, including applying for Europe’s MiCA licenses and pursuing regulatory approvals in Dubai (VARA’s FMP license) and Bahrain for custody, brokerage, and exchange operations.
To ensure asset transparency, the exchange consistently delivered Proof of Reserves by Merkle Tree Verification for 12 consecutive months, maintaining over 100% reserve ratios across eight assets.
- Towards Long-Term Development Through Ecosystem Cooperation
HTX Ventures, the global investment arm of HTX, invested in 28 leading projects in 2024, spanning diverse sectors such as BTCFi, ZK-rollups, modular infrastructure, AI, SocialFi, and more. Furthermore, HTX fostered strategic collaborations with leading venture capital firms, including Bankless and Figment, to jointly promote the sustained growth and development of the crypto industry.
- Promotion of Brand Image to Facilitate Global Reach
Throughout 2024, HTX consistently made a strong impression at top crypto summits worldwide, such as TOKEN2049 and Blockchain Life, hosting 19 brand events and receiving 4 industry awards. Notably, the host of Crypto Summit 2024 revealed at the opening ceremony that HTX holds an 11% market share, ranking third in the CIS region, solidifying its position as a key player in the market.
2025: Seizing Opportunities in a New Crypto Era
HTX’s 2025 vision aligns with anticipated industry tailwinds, including potential shifts in the U.S. Federal Reserve’s interest policies and the evolving global regulatory landscape. The exchange plans to:
1. Expand premium listings.
2. Enhance product offerings and user experience through innovation.
3. Strengthen security measures and global operations models.
4. Support decentralized governance and foster global crypto prosperity.
5. Cement HTX’s influence, particularly in high-potential regions like the CIS.
2025 will be a pivotal year for HTX to seize emerging industry opportunities. As a well-established digital asset trading platform with a proven track record of industry building, and a strong user-centric focus, HTX is confident to deliver exceptional services for its global user base and advance toward its vision of “Achieving Financial Freedom for 8 Billion People on Earth”.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected]
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
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View original content:https://www.prnewswire.co.uk/news-releases/htx-achieves-100-yoy-trading-volume-growth-to-2-4-trillion-in-2024–powers-user-growth-to-over-49-million-302351671.html
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