Fintech Firm Lightnet Group Received $50 Million Commitment from LDA Capital

Fintech firm Lightnet group has received a $50 million commitment from LDA Capital, the firm said on Monday. Lightnet Group said it will use the funds to boost Web3 and cross-border payments through the Velo protocol, and expand the protocol's technology. Velo is a protocol focussed on cross-border payments services, specifically in Asia Pacific.