PingPong launches InvestXB In Luxembourg, Bringing Next- Generation Infrastructure To Alternative Investments
LUXEMBOURG, June 16, 2025 /PRNewswire/ — PingPong, a pioneer of cross-border embedded payment solutions with an established presence in Luxembourg since 2017, today launches InvestXB, a next-generation infrastructure solution for alternative investment managers, administrators and corporate solutions providers in Luxembourg. InvestXB delivers fast and compliant financial solutions designed for investment professionals launching and operating investment vehicles in Luxembourg, with the capability to support investors and assets globally.
A Trusted And Robustly Regulated Partner, Designed For Global Investment Professionals
In 2020, PingPong received approval from Luxembourg's financial regulator (CSSF) to upgrade from a Payment Institution (PI) licence to an Electronic Money Institution (EMI) licence. This EMI licence includes passporting rights, allowing PingPong to operate across all European Economic Area countries under CSSF supervision and regulation. Our ability to accelerate multi-currency account opening and onboard investment vehicles with global investors and assets, without compromising compliance, allows our team to navigate this complex landscape with tangible results.
InvestXB can onboard investment vehicles with global investors and assets, including international Ultimate Beneficial Owners (UBOs), setting us apart from legacy providers. What's more, InvestXB is one of the few non-banks that enables global investment vehicles to open a multi-currency Luxembourg-based IBAN, which will accept incoming funds in 23 currencies, hold multiple currencies to match fund obligations and offer disbursements in over 200 countries and regions.
'InvestXB's global capabilities truly set us apart in the Luxembourg market. We enable investment vehicles to seamlessly match their fund obligations with access to 23 currencies for receiving, exchanging and sending funds, while facilitating disbursements and managing FX across over 200 countries and regions. Our ability to onboard investment vehicles with global investors and assets, including international UBOs based anywhere in the world, gives investment professionals the flexibility they need in today's interconnected investment landscape,' said Pawel Stosik, General Manager at PingPong Europe SA.
Rapid Operational Efficiency, With 24-Hour Account Opening
For fund managers, a key aspect of fundraising is speed. Yet traditional banks and legacy providers often take weeks, if not months, to approve and open accounts, causing critical delays for fund incorporation and operation. InvestXB offers a better solution, opening accounts within 24 hours, facilitating blocking certificates in minutes and providing the ability to deploy capital faster. What's more, InvestXB will allow global investment vehicles to open additional accounts on the same day.
Where others see complexity, we see value, positioning InvestXB to lead innovation while adhering to the highest regulatory standards.
Global Capabilities Backed By Local Expertise And Knowledge
Speed matters at every touchpoint, from opening an account to day-to-day operations. Customer service is outdated and inefficient due to a lack of investment from legacy providers, meaning fund managers and administrators are waiting weeks for responses from account managers.
Investment managers, fund administrators and corporate service providers deserve better support and infrastructure.
InvestXB provides access to a dedicated team based in our central Luxembourg office. Our account managers are experts in Luxembourg fund compliance, regulation, structures, and management, ensuring seamless cross-jurisdictional support throughout the entire fund lifecycle.
'Missing the window to collect capital can mean losing investors altogether. With InvestXB, investment professionals can open accounts in hours, not weeks, while accessing dedicated support from our Luxembourg-based team of experts in fund compliance, regulation, and structures. Having reliable local knowledge and support throughout the fund lifecycle is critical for fund managers. It's like having a concierge service for all your fund administration needs, a next-generation solution designed specifically for sophisticated investors,' added Pawel Stosik.
Explore how InvestXB can streamline your fund setup and operations here: investxb.com
About PingPong
PingPong established a presence in Luxembourg in 2017 and, in 2020, received an EMI licence in Luxembourg with passporting rights across the EEA, all to solve the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world's leading global cross-border payments platforms, processing more than $250 billion USD.
InvestXB by PingPong is a next-generation infrastructure solution for alternative investment managers, delivering fast, compliant, and scalable financial solutions designed for fund managers setting up and operating investment vehicles in Luxembourg.
PingPong currently has 32 offices in 15 countries and 1,500 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones.
Logo – https://mma.prnewswire.com/media/2710600/InvestXB_logo.jpgLogo – https://mma.prnewswire.com/media/2700387/PingPong_Logo.jpg
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysian Reserve
an hour ago
- Malaysian Reserve
Lake Street Capital Partners Establishes New Residential Services Platform HighPoint Exterior Home Services by Partnering with Choufani & Bailey Roofing & Restoration
CHICAGO, June 30, 2025 /PRNewswire/ — Lake Street Capital Partners, LP ('Lake Street Capital Partners' or 'Lake Street Cap'), a Chicago-based private equity firm, is pleased to announce the establishment of Exterior Home Services, LLC, doing business as HighPoint Exterior Home Services ('HighPoint'), a new investment platform focused on roofing and related exterior residential services. In combination with this launch, Lake Street Capital Partners has also completed its majority investment in Choufani & Bailey Roofing & Restoration, LLC ('Choufani & Bailey' or the 'Company'). Choufani & Bailey is a North Carolina based provider of exterior home repair, replacement, and remodeling services. Founded in Wilmington, North Carolina, Choufani & Bailey has established itself as a trusted partner to homeowners, property managers, and HOA organizations in need of critical roofing, gutter, siding, and window repair or replacement. The Company's primary focus is to provide retail services to these customers while also bringing the industry expertise to service any, and all, insurance related work for its customer base. More recently, Choufani & Bailey successfully demonstrated the transferability of its model with the recent expansion to the Raleigh market, bringing its differentiated go-to-market strategy and core focus of delivering exceptional customer service and quality to this strategic growth market. 'We are extremely excited to be partnering with the Lake Street Capital Partners team to support and accelerate the growth plans we are executing on at Choufani & Bailey,' said James Bailey, Co-Founder of Choufani & Bailey. 'James and I were committed to finding a proven growth partner to continue to bring our Company's unique value proposition to more customers across the East Coast, ' added Sharbel Choufani, Co-Founder of Choufani & Bailey. 'The opportunity to create a partnership with Justin, Brant, and the rest of the Lake Street Capital team to achieve this goal was a no-brainer.' 'Choufani & Bailey represents the perfect company to launch our new platform, HighPoint Exterior Home Services,' said Brant Wilczek, Managing Director of Lake Street Capital Partners. 'James, Sharbel, and the rest of the Choufani & Bailey team have created tremendous brand equity within their core market. Providing them with the resources and strategic support to continue expanding their presence to other highly attractive markets represented a compelling opportunity for us at Lake Street Cap.' 'This latest transaction demonstrates the continued momentum we are experiencing across the residential services sector at Lake Street Cap,' added Justin Terzo, Managing Partner of Lake Street Capital Partners. 'Home services continue to remain attractive due to its recession resilient nature, untapped organic growth potential within many of the sector's operating companies, and opportunity for strategic regional and national market expansion.' As part of the transaction, Lake Street Capital Partners was represented by Stinson LLP and Miller Cooper & Co., Ltd. Choufani & Bailey was advised by Amdel Associates, Inc. About HighPoint Exterior Home Services HighPoint Exterior Home Services was created in 2025 as a platform focused on local and regional companies providing exceptional roofing and related exterior services to homeowners and property managers. The platform was launched in concert with the investment in Choufani & Bailey, an expert in residential roofing replacement and renovation projects serving the Raleigh and Wilmington, North Carolina markets. For more information on HighPoint Exterior Home Services and Choufani & Bailey, please visit About Lake Street Capital Partners, LP Lake Street Capital Partners, LP ('Lake Street Cap') is a Chicago-based private equity firm focused on making control, significant minority, and co-investments in North American based lower middle market companies across the consumer, services, and distribution sectors. Lake Street Cap seeks to invest in growth-oriented founders and family-owned businesses in search of a strategic and value-added capital partner. Lake Street Cap typically makes equity investments of $5 million to $15 million per transaction. For more information, please visit or contact info@
New Straits Times
an hour ago
- New Straits Times
Indian state pushes jail terms for 'fake news', sparks worries
BENGALURU: Draft legislation by India's tech hub state of Karnataka that would impose jail terms of up to seven years for spreading "fake news" and other misinformation has stirred concerns among free speech activists that it could lead to censorship. With nearly one billion internet users, the stakes are high in a sprawling country of many ethnic and religious communities where fake news risks stirring deadly strife and AI deepfake videos have alarmed officials during elections. India's federal government already regulates social media content with legislation empowering it to order takedowns of disputed content. But some states such as Karnataka have begun taking their own measures. Karnataka's bill, the strictest of its kind yet, stipulates that those posting "fake news" and "anti-feminist" content, or "promoting superstition", would face imprisonment along with potential fines. The 11-page Karnataka Mis-Information And Fake News (Prohibition) Bill does not define such offences in practice, but said special courts and a regulatory committee would be set up to implement it. Free speech advocates have cited what they say would be the risk of selective enforcement arising from Karnataka's measure and flagged concerns that people posting memes or making honest mistakes online could be prosecuted. "Misinformation is fairly subjective and every person who uses the internet is susceptible to falling within the dragnet of this law," said Apar Gupta, founder of the Internet Freedom Foundation, a New Delhi-based digital advocacy group which first made the Karnataka draft legislation public. The state government of Karnataka, home to the city of Bengaluru that hosts the offices or branches of many Indian and foreign tech giants, has said the bill will be released for public consultation before implementation. Priyank Kharge, Karnataka's IT minister, said on Friday "there is a lot of misinformation on the proposed Misinformation Bill in public." He later added that the "sole objective is to address the growing digital information disorder" and the government's focus was to tackle misinformation and fake news, "and nothing beyond that." He did not immediately respond to Reuters calls seeking further comment on Monday. Karnataka's move could risk creating multiple regulations imposing conflicting obligations and regulatory challenges for companies, said Aman Taneja, partner at law and policy firm Ikigai. Some Indian media have sharply criticised the draft bill. The Deccan Herald newspaper on Monday titled an opinion piece "A remedy that's worse than the menace", saying the Karnataka government should "do away with the criminal provisions" in the legislation. India has over the years held talks with US tech giants like Google it sees as having been slow to remove fake news posts, and New Delhi in 2019 set up a "Fact Check Unit" to debunk what it sees as misinformation.
The Star
2 hours ago
- The Star
Robinhood launches tokens allowing EU users to trade in US stocks
FILE PHOTO: The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly/File Photo (Reuters) -Robinhood said on Monday it has launched tokens that will allow its customers in the European Union to trade more than 200 U.S. stocks and exchange-traded funds, including Nvidia, Apple and Microsoft. The commission-free tokens can be traded around-the-clock, five days a week, the trading platform said on Monday. They will be issued through a partnership with blockchain firm Arbitrum. With the move, Robinhood stands to benefit from rising global interest in the U.S. stock market - home to some of the world's most influential tech giants and leading beneficiaries of the AI boom. Tokenized equities mix traditional finance with crypto-like trading, and have been gaining traction among international investors due to the better access, flexible trading hours and lower costs. Experts believe such tokens could dramatically alter the securities investing landscape. In a January opinion piece for The Washington Post, Robinhood CEO Vlad Tenev wrote tokenization could also open the door for retail investors to access private companies' stocks. Menlo Park, California-based Robinhood plans to eventually develop its own blockchain that will expand trading hours for tokens to 24/7 from 24/5 currently, it said. Last month, crypto exchange Kraken also launched equities-linked tokens for non-U.S. investors. EXPANDING CRYPTO TOOLS Robinhood also announced several new product offerings, including crypto perpetual futures for its EU customers and staking for U.S. users. The perpetual futures will allow users to make leveraged bets on the prices of cryptocurrencies. Unlike traditional futures, they have no expiry date. Rival Coinbase will also begin offering similar tools to U.S. customers from next month. Meanwhile, staking lets customers lock up their cryptocurrency to help validate transactions on the blockchain, earning rewards in return. The practice had been controversial in recent years, until the Securities and Exchange Commission's staff last month said some forms of staking are not securities offerings. (Reporting by Niket Nishant and Manya Saini in Bengaluru; Editing by Leroy Leo)
