Onerway Secures £7,370,000 for Global Expansion Efforts
In an ever-evolving landscape of global finance, securing funding can catapult a startup into remarkable growth. This is precisely the case for Onerway, a London-based global payments infrastructure provider, which has successfully raised an impressive £7,370,000 (GBP) in a Series A+ funding round. Led by the dynamic investment firm Yunqi and bolstered by key players including Lanchi Ventures, Eminence Ventures, and Enlight Growth Partners, this substantial infusion of capital signals a strong vote of confidence in Onerway's innovative approach to payments.
With ambitious plans set forth, Onerway intends to utilize this newfound investment to accelerate its expansion across global markets.
The primary focus will be on enhancing its cross-border payment infrastructure, ensuring faster and more cost-effective processing for its users. In addition, the startup aims to diversify its offerings by introducing cutting-edge solutions, such as stablecoin functionalities, agentic payment systems, and various AI-driven products that promise to revolutionize the payment experience. For investors, this represents a compelling opportunity to be part of Onerway's evolution as it redefines the boundaries of financial transactions.
Founded in 2017 and spearheaded by visionary CEO Andy Wang, Onerway is not just another fintech startup; it is a trailblazer in delivering seamless payment and corporate banking solutions worldwide. By leveraging its robust global infrastructure, Onerway is positioning itself as a leader in improving cross-border transactions. As the company builds upon this recent funding success, it remains vital for startup founders and investors to watch closely the transformative impact Onerway is poised to have on the global payments landscape.
Key Terms Explained
- Securing Funding
- Securing funding refers to the process of gaining monetary support for a business venture, often in the form of investments or loans. This is crucial for startups to fuel their growth and expand their operations.
- Series A+ funding round
- A Series A+ funding round typically represents a business's initial significant round of venture capital financing. The '+', indicates this is either an extension of the initial Series A round or a smaller, bridge round preluding a major Series B funding round.
- Cross-border payment infrastructure
- Cross-border payment infrastructure refers to the technological framework that allows transactions to occur between individuals or entities in different countries. Improvements in this area can lead to faster, more cost-effective global transactions.
Frequently Asked Questions
- What amount of funding did Onerway raise in a Series A+ funding round?-Onerway raised a total of £7,370,000 (GBP) in a Series A+ funding round.
- Who led the investment in Onerway's funding round?+
- What does Onerway plan to do with its newfound investment?+
- What is one of Onerway's key specializations?+
- Who is the CEO of Onerway?+
They've invested in Onerway
Get to know these Fintech investors
Click here for a full list of 7,233+ startup investors in the UK