Defx Insights

Tag: Digital Finance

  • Circle’s $14M Investment Boosts Indian Remittance App Abound

    Circle’s $14M Investment Boosts Indian Remittance App Abound

    In a significant development for cross-border payments, remittance app Abound has secured $14 million in seed funding from crypto industry leaders Circle Ventures and the Near Foundation. This investment marks a major milestone in the evolution of stablecoin-powered remittance solutions as regulatory frameworks continue to develop.

    Key Investment Highlights

    • $14 million seed round led by Circle Ventures and Near Foundation
    • 500,000 monthly active users already on platform
    • $150 million in processed remittances to date
    • Backed by Times of India Group’s digital division

    Revolutionizing Indian Diaspora Remittances

    Abound has positioned itself as a crucial financial bridge for non-resident Indians (NRIs), addressing the unique challenges of managing finances across two economies. The platform’s success is evidenced by its impressive user base and transaction volume, demonstrating strong product-market fit in the growing digital remittance sector.

    SPONSORED

    Send cross-border payments instantly with minimal fees

    Trade Now on Defx

    Stablecoin Impact on Global Remittances

    Circle’s involvement highlights the growing importance of stablecoins in international money transfers. As the issuer of USDC, which maintains a $59 billion market cap, Circle’s strategic investment in Abound signals confidence in stablecoin-powered remittance solutions. Recent data shows the stablecoin sector processed $10.8 trillion in transactions during 2023, with $2.3 trillion specifically related to payments and cross-border transfers.

    Strategic Growth Plans

    The fresh capital will enable Abound to:

    • Expand its technology infrastructure
    • Make strategic hires in key positions
    • Enhance user experience and features
    • Scale operations to meet growing demand

    Expert Insights

    “Indians in America have a unique financial reality — one that spans two countries, two economies, and two currencies. Yet, the financial services available today weren’t designed for their needs,” – Nishkaam Mehta, CEO of Abound

    FAQ Section

    What is Abound’s current user base?

    Abound currently serves 500,000 monthly active users and has processed $150 million in remittances.

    Who are the main investors in this funding round?

    The $14 million seed round was led by Circle Ventures and the Near Foundation.

    How will the investment be used?

    The funds will be allocated to scaling operations, hiring key personnel, and enhancing technological infrastructure.

  • Bitcoin Women Leaders Drive 34% Adoption Surge in Q1 2025

    Bitcoin Women Leaders Drive 34% Adoption Surge in Q1 2025

    The role of women in Bitcoin’s mainstream adoption continues to expand, with recent data showing female Bitcoin ownership jumping from 29% to 34% in Q1 2025. This surge comes as women increasingly take leadership positions across the Bitcoin ecosystem, from community education to technical development.

    As highlighted in recent reports about US crypto adoption reaching new heights, women are playing a pivotal role in Bitcoin’s integration into mainstream finance. Their approach to Bitcoin adoption emphasizes long-term wealth building and community education over short-term speculation.

    Key Findings on Women’s Bitcoin Leadership

    • 84% of women now manage their family’s finances
    • 94% of women in couples actively participate in investment decisions
    • Women-led networks show higher rates of sustained Bitcoin adoption
    • Female investors demonstrate stronger hold strategies and lower trading frequency

    SPONSORED

    Start earning passive income up to 30% annually on your crypto holdings

    Trade Now on Defx

    Community-Driven Adoption Strategies

    Women are leveraging existing social networks and community structures to drive Bitcoin education and adoption. Book clubs, parent associations, and professional networks have become crucial channels for Bitcoin knowledge sharing.

    Financial Sovereignty and Long-term Planning

    The article highlights how women’s typically disciplined approach to investment aligns with Bitcoin’s core principles of financial sovereignty and long-term value preservation. This has contributed to more stable holding patterns and reduced market volatility.

    FAQ Section

    What percentage of Bitcoin investors are women in 2025?

    Current data shows women comprise 34% of Bitcoin investors, up from 29% in the previous quarter.

    How are women influencing Bitcoin adoption?

    Women are driving adoption through community education, professional networks, and family financial planning.

    What’s the average holding period for female Bitcoin investors?

    Studies indicate women tend to hold Bitcoin longer than male counterparts, with an average holding period of 2.3 years.