FlexM secures investment from China’s Torkey Times Technology

Core Insights - FlexM, a fintech group specializing in payment solutions and compliance, has secured an investment from China's Torkey Times Technology (TTT), enhancing its operations in cross-border payments and licensed fintech globally [1][2] Group 1: Investment and Strategic Partnership - TTT, with over $2.5 billion in revenues from the e-commerce sector, provides FlexM access to significant transaction volumes and payment systems [2] - The partnership combines TTT's capital and expertise with FlexM's regulatory knowledge, aiming to improve transaction capabilities in regions such as Singapore, India, the Middle East, Africa, North America, and Europe [3][4] Group 2: Regulatory and Market Position - FlexM's acquisition of a Major Payment Institution license from Singapore's Monetary Authority was pivotal in TTT's investment decision, positioning FlexM for local and global expansion [4] - The partnership is expected to significantly broaden FlexM's business reach while reinforcing its market leadership in the global e-commerce sector [5] Group 3: Product Offerings - FlexM operates several fintech platforms, including FlexBank for cloud-based neo-banking solutions, FlexPay for payments, FlexRemit for global remittance, and FlexComply for regulatory compliance [5]