Say hi to XLD Finance! They're a Philippine web3 startup that builds infrastructure to power decentralized finance (DeFi). Now, they've just raised a $13M Pre-Series A led by Dragonfly Capital and Infinity Ventures Crypto.

• They're active in the Philippines, Indonesia, Malaysia, Vietnam, India and Bangladesh.
• They have a merchant network of 10,000+ partners.
  

Investor check. Advance AI, Circle (creator of the USDC stablecoin), Yield Guild Games, YGG SEA, Digital Currency Group, IDG Capital, Insignia Ventures Partners, Integra Partners, Morningstar Ventures, Openspace Ventures, Sfermion, Emfarsis, Shima Capital, Transcend Fund, TrustToken, UOB Venture Management, Woo Network and YOLO Ventures also joined in.

🤓 Why it matters

XLD creates software tools like APIs to support blockchain and DeFi solutions and bridge these to traditional finance (TradFi)

• The goal? Be the financial hub and ecosystem of the metaverse to enable financial services in emerging economies — and help promote financial inclusion.
  

So what? They make crypto actually spendable outside the crypto/web3 world — beyond just trading crypto, buying NFTs and exchanging your crypto for fiat money.

• They're multi-chain, which means their solutions work with multiple blockchains and crypto tokens, including ERC (Ethereum), BSC (Binance Smart Chain), Polygon and Solana (and more to come!).

😏 You're so DeFi(ne)

Spend, spend, spend. With xSpend, use your GameFi tokens and stablecoins to pay bills, top-up your mobile credits and more.

Pay me. With OmniX, it's now possible to pay thousands of people in crypto in just three clicks.

• Have a guild or crypto project? You can finally make crypto disbursements at scale.
  

And more! If you've ever wanted to use crypto for your usual shopping, this is for you. They've got more solutions in the works, including an API to allow more merchants to accept crypto payments, an algorithmic stablecoin and a crypto wallet software development kit (SDK).

🤑 What's with the cash?

They'll be growing their product and engineering teams and leveling up their API and product. Plus, they'll be expanding their network of licensed partner financial institutions, billers and merchants.