Zipmex raises US$41m from B Capital and others to grow digital assets platform

ZIPMEX, a digital asset platform, has closed a US$41 million Series B round with participation from B Capital, TNB Aura and V Ventures, a Singapore-based venture capital (VC) firm with Thailand-listed Thoresen Thai Agencies as its anchor investor.

Other investors in the round include Bank of Ayudhya's VC arm Krungsri Finnovate, media and advertising companies Plan B Media and Master Ad, Hong Kong's MindWorks Capital, and returning investor US-based Jump Capital, who led the Series A round in January.

Zipmex plans to further develop its technological infrastructure, engage in new business partnerships, attract new talent and diversify its offerings.

The startup is launching the Zipmex Card, which lets users spend their digital assets at merchants in Visa's global payments network. The card will launch in Australia and Singapore this year.

Representatives of B Capital and TNB Aura will join the board of Zipmex.

B Capital, founded by Facebook co-founder Eduardo Saverin and former Bain Capital executive Raj Ganguly, invests in growth-stage startups globally. It has backed Ninja Van, Carro and Kopi Kenangan.

TNB Aura is a regional VC firm that has backed dental technology startup Zenyum and inventory management software company TradeGecko, which was sold to Intuit.