EximPe Secures RBI's PA-CB Licence, Targets 10x Growth by 2026
EximPe, a cross-border payments infrastructure startup, has made significant strides in its growth journey. The company recently secured the Reserve Bank of India's (RBI) Payment Aggregator - Cross Border (PA-CB) in-principle licence, enabling it to expand its reach and services. This news comes after EximPe raised $3.5 million in a Series A funding round led by Leo Capital in 2022.
EximPe specialises in providing compliant cross-border pay-in and pay-out solutions for digital services, e-commerce platforms, and B2B goods trade across emerging markets in Asia. With the newly acquired licence, EximPe aims to scale its operations tenfold by the end of FY 2026.
The licence allows EximPe to deepen its reach across high-growth trade corridors such as India-Southeast Asia. This means businesses can enjoy enhanced capabilities to manage foreign exchange, compliance, and payment workflows through a single interface. EximPe's tech-first platform integrates real-time rate booking, compliance tools, and trade documentation to simplify international commerce for Indian SMEs, exporters, and service providers.
EximPe plans to utilise its Series A funding to invest in cutting-edge compliance and security infrastructure. It also aims to forge strategic partnerships to expand its service offerings and deepen its market presence across key Asian trade corridors. Despite the funding round, specific details about the acquiring investment company or institution remain unclear.
With the PA-CB licence, EximPe transitions from a technology enabler to a fully regulated cross-border infrastructure provider. This move, coupled with its ambitious expansion plans, positions EximPe to significantly impact the Asian trade landscape. The company's ability to process over $450 million in transactions across 5,000 businesses is a testament to its potential.
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