Lightnet Raises US$50 Million to Bolster Blockchain-Powered Remittances

The Lightnet Group, a Singapore-based fintech firm with several licensed subsidiaries around the globe providing cross-border remittance services, announced that it has secured a US$50 million capital commitment from LDA Capital.

According to Lightnet, it will have the option to double the investment to US$100 million over the next three years.

This investment will allow the Lightnet Group to expand its operating corridors and opportunities and obtain licenses.

Read more: Fintech News Singapore