WadzPay Worldwide Pte. Ltd., a prominent player in blockchain technology and financial services, has secured a SGD 50 million capital commitment through a Share Subscription Facility (SSF) with GEM Global Yield LLC SCS (GEM). This funding marks a significant step in WadzPay’s journey, supporting its ambitions to drive growth through acquisitions, partnerships, and organic initiatives.
The agreement gives WadzPay the flexibility to draw on GEM’s commitment to purchase Ordinary Shares, up to the full value of SGD 50 million (approximately USD 36.7 million), over a 36-month period following a successful public listing.
“This partnership with GEM is a powerful validation of the transformative impact WadzPay is making in the financial services and blockchain space. Securing this substantial commitment early in our journey fuels our mission and equips us with the resources to accelerate innovation and scale rapidly. We are thrilled to have GEM’s support as we pursue our public listing and expand our global reach,” said Anish Jain, Founder & CEO of WadzPay.
The strategic backing from GEM reinforces WadzPay’s vision to disrupt the financial services landscape through blockchain technology. With this substantial capital infusion, the company is well-positioned to enhance its offerings, expand its global presence, and accelerate its mission to innovate within the financial sector.
