Built on the mission of "Banking Beyond Borders," Xuno is an officially licensed US-based platform committed to creating the world's most affordable and seamless global money movement channel, connecting people, businesses, and opportunities across continents.
Xuno was founded under the leadership of Bal Krishna Joshi, a celebrated pioneer of cross-border transactions. It stands as the first and only inclusive multi-sided fintech platform dedicated to fostering an equitable borderless economy. Xuno uniquely equips individuals, businesses, merchants, and financial institutions with unparalleled access to global banking and payment networks, offering unmatched exchange rates, speed, and security. By breaking down existing barriers between emerging and developed markets, Xuno delivers a cost-effective, transparent, and scalable alternative to traditional cross-border payment and banking solutions. The platform achieves this through exclusive license agreements, best-in-class technology, beneficiary-friendly mechanisms, and industry standardization.
Dr. Manish Thapa, Managing Director of Global Equity Fund, stated, "This is more than an investment; it’s a vision and a major step toward placing Nepal on the global fintech map and driving financial equity between emerging and developed markets”.
Bal Krishna Joshi, Founder of Xuno, commented, "We are thrilled to welcome NIGEF-I as a strategic partner. This investment is a powerful affirmation of Xuno's mission to drive financial inclusion and economic equity globally. By leveraging this support, we will accelerate our efforts to dismantle outdated financial barriers, ensuring that individuals and businesses everywhere have affordable, immediate, and secure access to the borderless economy."
This marks GEF's second strategic investment in the fintech domain, underscoring its commitment to financial innovation. GEF recently invested in Fonepay, Nepal's leading payment network, which operates an interoperable system connecting banks, digital wallets, consumers, and merchants for various P2P and P2M digital payments.
