Systex Corporation
13/F, TAL Building, 49 Austin Road, Kowloon, Hong Kong
Overview
Founded in 1997, SYSTEX Corporation (TSE ID: 6214) is the No.1 Taiwan-based IT services provider in the Asia-Pacific region with 2,800 employees and 48 branch offices in Taiwan, China, Hong Kong and Southeast Asia, and is working toward to the goal of being “the best IT service partner for enterprises in greater China area”. In 2010, SYSTEX’s consolidated revenues reached US$ 444 million. As ranked 1st software service provider in Taiwan for five consecutive years and the most profitable of its kind amongst the top 500 operations in the services industry, as published in the May 5th, 2011 issue of the Taiwan’s leading business magazine Common Wealth Magazine. SYSTEX is also the only one Taiwan-based system integration enterprise listed for three consecutive years in the special report “Ranking of 1,000 companies across China, Hong Kong, and Taiwan” published in the May 19th, 2010 issue of the Common Wealth Magazine.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Information Technology
- Software
Investment portfolio
- XREX
Participated · Series A · Aug 2021
XREX operates as a blockchain-enabled financial institution working with banks, regulators, and users to deliver enterprise-grade banking services to small and medium-sized businesses operating in or dealing with emerging markets, and novice-friendly financial services to individuals globally. The company focuses on compliant, USDT-based cross-border payments and RegTech solutions for emerging markets. XREX plans to expand its product set through a collaboration with Tether to facilitate USDT-based cross-border B2B payments and to innovate regulatory technology. As part of the partnership it will work with the Unitas Foundation to launch XAU1, a USD-pegged unitized stablecoin over‑reserved with Tether Gold (XAUt), intended as a stable alternative and inflation hedge for customers. XREX Singapore recently acquired the Monetary Authority of Singapore’s Major Payment Institution license, and XREX operates under a Taiwan Financial Supervisory Commission Registered VASP status. The company is led by CEO Wayne Huang and has an investor lineup that includes Taiwan’s National Development Fund, CDIB Capital Group, SBI Holdings, E.Sun Financial Holding, ThreeD Capital, AppWorks, BlackMarble, and New Economy Ventures. XREX is a Taipei‑headquartered blockchain startup offering cross‑border payment and crypto‑fiat services to help merchants in emerging markets perform faster transactions. Its platform includes a wallet, a commercial escrow service called Bitcheck that uses stablecoins (USDT and USDC) to guarantee payments, and a crypto‑fiat exchange enabling conversion between stablecoins and U.S. dollars. The company targets merchants in countries with low U.S.‑dollar liquidity, letting buyers escrow stablecoins until suppliers provide proof of shipment. XREX emphasizes compliance and partners with AML providers such as CipherTrace, Sum&Substance and TRISA, and uses Public Profiles with a Reputation Index to increase transparency. Following an oversubscribed $17M pre‑Series A led by CDIB Capital Group (after a $7M seed in 2019), XREX plans to use funding to pursue financial licenses in Singapore, Hong Kong and South Africa and to partner with banks and payment gateways. Leadership includes co‑founder and CEO Wayne Huang and co‑founder Winston Hsiao, and the company says it will limit supported cryptocurrencies to a small set of compliant stablecoins favored by business customers.
Team
No current team members are available.