PRESS RELEASE. Singapore, November 26th, 2024 – Vanilla Finance, the #1 exchange by trading volume on Telegram, today announced the successful closure of their Pre-Seed investment round led by Paper Ventures, UOB Ventures, & ABCDE Labs among other top tier ventures and investors, including HTX Ventures, Ocular, Openspace, Y2 Ventures, Signum Capital and angel investors from STEPN, Scroll, XAI, Cherry Ventures and more.
This significant funding round coincides with Vanilla Finance’s notable achievements in the Digital Asset sector, where it has quickly risen to become the #1 exchange by trading volume on Telegram, amassing over $8 billion in USDT trading volume within the first 60 days of launching.
Vanilla Finance has further solidified its position by winning the Binance MVB Season 8, an accolade that not only celebrates its innovative trading solutions but also recognizes its market leadership and success.
Vanilla Finance having closed its round is now poised to redefine the user experience in crypto trading:
- Redefining User Experience: The platform will focus on becoming more intuitive, secure, and user-friendly, employing new features to simplify and enhance the trading process for beginners and experts alike.
- Expanding Market Offerings: Vanilla Finance plans to launch its spot market in the coming weeks, particularly focusing on meme trading pairs, which have seen a surge in popularity. Additionally, they intend to introduce a meme creator platform, staking products, and futures trading to diversify their offerings and cater to a broader user base.
- With a strategic focus on Southeast Asia and APAC, Vanilla Finance is gearing up to tap into the region’s rapidly growing digital economy. The platform aims to capture the next 100 million users by offering localized services, including support in local languages and integration with regional payment systems.
The investment from UOB Ventures, a venture arm of one of Asia’s leading banks, and Paper Ventures, known for its focus on tech-driven financial solutions, signals strong institutional backing. “We are thrilled to support Vanilla Finance,” said a spokesperson from UOB Ventures. “Their innovative approach to trading on Telegram, combined with their vision for the future, aligns perfectly with our investment philosophy in fostering leaders in finance.”
Paper Ventures’ GP Danish Chaudhry added, “Vanilla Finance’s strategy to expand into the Southeast Asia and APAC regions aligns perfectly with the tremendous growth potential in digital finance. We see these markets as the future of investment opportunities.”
As Vanilla Finance moves forward with its ambitious plans, the company remains committed to maintaining the security and integrity of its platform while pushing the boundaries of what a crypto exchange can offer. The integration of community-driven features like meme spot trading and exchange products could set a new standard in how digital assets are traded and engaged with.
Vanilla Finance is not just building a trading platform; it’s crafting an ecosystem where innovation drives user engagement and growth. With this new investment, the future looks promising not just for Vanilla Finance but for the countless users it aims to serve in Southeast Asia and beyond.
Contact Vanilla Finance:
Telegram
Vanilla Finance Bot
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