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August 7, 2023

London-Based Orbital raises £5M to Redefine Global Payments

London's Orbital Raises £5M in Historic Funding Round

Breaking barriers in the world of finance, London's Orbital secures £5 million in a successful funding round. This licensed fintech platform pioneers traditional and crypto payments for global firms, with a keen focus on stablecoins' role in cross-border transactions.

Led by Golden Record Ventures, the round attracted prominent investors, including New Form Capital, GSRV, Psalion, and Luminous Futures. Orbital's journey from bootstrapped to profitable since its founding in 2017 by Chris Mason (CEO), Luke Wingfield-Digby (CIO), and Paulius Grigaitis (CTO) is testament to its impressive growth.

With fresh funding at its disposal, Orbital plans to further expand its platform, secure additional licenses in new jurisdictions, and drive innovation in the fintech landscape. As businesses worldwide recognize the importance of blockchain and fiat payment integration, Orbital is well-prepared to lead the way to a frictionless and efficient global payments ecosystem.

Jad Benabdelkhalek, General Partner at Golden Record Ventures, sums up the significance of Orbital's mission: "The annual volume of B2B payments surpasses worldwide GDP, but cross-border flows remain burdened by legacy methods. Orbital's best-in-class technology platform caters to large corporates and enterprises, paving the path for traditional banking overhaul."

As they scale even further and embrace the bleeding edge of innovation, businesses worldwide can look forward to a new era of efficient and groundbreaking payment solutions.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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