Taiwanese blockchain fintech XREX secures $17m to expand fiat currency portfolio

XREX, a Taipei-based crypto-fiat fintech company that drives financial inclusion via blockchain , has announced raising $17 million in its pre-Series A funding round led by CDIB Capital Group. SBI Investment, Global Founders Capital, ThreeD Capital, E.Sun Venture Capital, System Corporation, Metaplanet Holdings, AppWorks, Black Marble, New Economy Ventures, and Seraph Group also participated in the funding round, which was oversubscribed by 200% XREX, founded in August 2018, said it will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets . The startup aims to drive financial…