2C2P partners Nium, Ripple for remittances; Israeli startup Exceed.ai raises $4m

Payments firms 2C2P, Nium, and Ripple are collaborating to enable remittance offerings to more regional customers in Southeast Asia. Meanwhile, Israeli marketing tech startup Exceed.ai has bagged $4 million in seed financing.

2C2P ties up with Nium, Ripple for remittances

2C2P, a payments operator with dual headquarters in Singapore and Thailand, has partnered fintech firms Nium and Ripple to expand its remittance platform easy2send to include a new real-time remittance corridor from Thailand to Singapore.

Under the new partnership, easy2send is tapping into Nium’s global network and real-time payments technology and Ripple’s global financial network RippleNet to offer increased cross-border payments efficiency, according to a statement.

easy2send’s new corridor will feature a “low flat rate and no hidden charges”. Users will be able to send money instantly using digital payment methods such as wallets which can be topped up through 2C2P’s easyWallet, at over 10,000 payment points in Thailand and to any bank account in Singapore.

“For the Thais living and working in Singapore, convenience and transparency in remittance processes play an essential role — especially with continued social distancing measures and lockdowns in place,” said Rohit Bammi, global head of institutional business at Nium.

Launched in 2019, easy2send began by supporting outbound money transfers from Thailand to Myanmar and Cambodia.

Exceed.ai raises $4m to scale up AI platform

Israeli digital marketing startup Exceed.ai has reportedly raised $4 million in seed funding to rev up its AI-enabled marketing tools.

Participating investors included Glilot Capital, West Fountain Global Fund and angel investors, media reports said, citing a company announcement.

Glilot Capital had led a $1.5 million round in the company in 2017.

Founded in 2016, the company makes “a human-like conversational AI and email automation set of products to scale B2B marketing teams’ full-funnel performance”.

It claims to generate 67 per cent lower costs per qualified lead and a 57 per cent increase in new ARR (annual recurring revenue), according to its website.

Exceed.ai co-founder and CEO Ilan Kasan was quoted as saying that some of the company’s clients have seen a 39.5 per cent increase in qualified leads for the same marketing efforts, without additional headcount.