Neo-banking platform brings real-time USD banking, stablecoin yield, and global transfers to users in over 50 countries
SINGAPORE, June 5, 2025 — Fintech startup PEXX has officially launched its full-service neo-banking platform, enabling users across more than 50 countries to open and operate USD bank accounts without traditional barriers such as US residency, branch visits or hidden fees. Targeting digital nomads, freelancers, global startups, and cross-border professionals, the Singapore-based firm aims to redefine dollar banking for the global generation.
Operating on a borderless model, PEXX offers four integrated services—Bank Different, Pay Different, Send Different, and Earn Different—designed to remove friction from international finance and empower users to hold, spend, and grow USD balances with ease. With features including real-time stablecoin settlement, tokenised US Treasury yield, and off-chain crypto-to-fiat transfers, PEXX positions itself as an alternative to traditional banks, crypto exchanges, and mainstream neo-banks.
“If you’ve got a passport and a phone, you should have full access to USD—just like anyone else. That’s the future we’re building,” said Marcus Lim, CEO and Founder of PEXX.
Next-Generation USD Banking: Fully Digital and Borderless
PEXX’s newly expanded suite includes:
- Virtual USD Accounts: Opened remotely with just a passport and smartphone, accounts carry no monthly fees or minimums. Users can deposit in USDT or USDC, and send/receive USD via SWIFT, ACH, or Fedwire from anywhere.
- Daily Interest Wallet: Earn up to 3.5% APY on idle balances, with daily payouts through tokenised US Treasury Bills managed via regulated third parties. No lockups or hidden risks.
- PEXX Visa Card: Spend USD and stablecoins at over 150 million merchants globally. A free virtual Visa debit card is issued instantly, with a flat 1.2% FX fee.
- Global Off-Ramp Transfers: Instant and low-cost remittances to over 50 countries. Settlements often occur in minutes, backed by real-time FX rates and zero transfer fees.
Superior Rates for Key Corridors
PEXX claims to outperform global fintech competitors in several major payment corridors. On 2 June 2025, sending USD 1,000 via PEXX resulted in higher payouts and near-instant settlements:
| Corridor | Amount Sent | Recipient Gets | Value Over Competitors | Settlement Time |
| USD → INR | $1,000 | ₹85,887 | +₹1,069 (~USD 12.51) | 30 seconds |
| USD → VND | $1,000 | ₫25,958,555 | +₫161,684 (~USD 6.21) | 2 minutes |
| USD → IDR | $1,000 | Rp16,317,838 | +Rp132,517 (~USD 8.12) | 30 seconds |
These rates, combined with zero transfer fees and transparent Google-based FX pricing, are aimed at freelancers, startups, and SMEs managing international payments.
Serving a Global, Digital-First Demographic
The platform is specifically built for:
- Freelancers and remote workers earning in USD or stablecoins
- Startups paying international teams and suppliers
- Students and expats handling cross-border transactions
- Digital nomads and global citizens seeking flexible USD access
Backed by a recent $4 million seed round led by TNB Aura, with participation from Antler, LongHash Ventures, and angel investors including Dexter Lo and Kenneth Low, PEXX plans to accelerate licensing, product innovation, and expansion into Asia, Latin America, and the Middle East.
PEXX also leverages partnerships with Fireblocks for secure digital asset custody and Ripple for global blockchain settlement. The company is a registered Digital Currency Exchange (DCE) under AUSTRAC, and a licensed Money Service Business in the US.
A Neo-Bank Designed for the Future
With its seamless integration of traditional and digital finance tools—such as tokenised yield, crypto off-ramps, and virtual cards—PEXX is betting on a future where financial access and services are no longer tied to geography.
In a landscape where legacy banking still poses hurdles for globally mobile users, PEXX aims to offer a simplified, tech-enabled alternative that aligns with the needs of today’s borderless generation.