PiP World a web3 gaming startup secures 10 million in seed funding from global fintech organization Exinity

Coin World News Report:
[October 14, 2024, Dubai, United Arab Emirates]
Strategic Investment Drives PiP World’s Mission to Transform Financial Education with Innovative Web3 Gaming and EdTech Solutions
PiP World, a pioneer in the Web3 gaming and EdTech ecosystem, has secured a strategic investment from Exinity, a global leader in financial technology. This investment marks a key milestone for PiP World’s mission to revolutionize financial education and transform it into an engaging, gamified experience accessible to users at all levels. Exinity, headquartered in the UAE with offices in the UK and Cyprus, is regulated by multiple jurisdictions, including the ADGM Financial Services Regulatory Authority in Abu Dhabi.
PiP World combines immersive gaming with personalized learning to support users worldwide. Its main products include PiP Trader, a strategy management simulation game for building trading portfolios; PiP Academy, a gamified application that simplifies financial concepts; and StockRise, the best-selling stock simulator on Roblox, now integrated into the PiP World ecosystem.
Saad Naja, CEO and Founder of PiP World, said, “We are excited to partner with Exinity in advancing our mission to change the way people understand the financial markets. This investment will enable us to expand our products and reach more users globally, particularly in emerging markets where financial tools and knowledge are scarce. Our goal is to provide individuals with the financial knowledge and skills needed to navigate today’s economic and financial market complexities, and our collaboration with Exinity brings us closer to realizing this vision.”
Exinity’s investment in PiP World is a strategic move aligned with its mission to provide the tools and knowledge for the next generation to succeed in the modern financial landscape. Lex Webster, Partner at Exinity, commented, “PiP World’s innovative approach to financial education through gamification is a forward-looking solution that aligns with our vision. By combining our strong financial and trading technology with PiP World’s immersive gaming and learning environment, we are catalyzing a paradigm shift in how people perceive and achieve financial literacy.”
PiP World aims to address significant gaps in financial knowledge globally and in the UAE. The UAE has a financial literacy score of 30.7%, below the global average, highlighting the need for innovative educational solutions. Globally, only 33% of adults possess basic knowledge of the financial markets, underscoring the limitations of traditional teaching methods. With the rapid rise of DeFi and digital currencies, the divide between those who understand these concepts and those who do not has widened.
Given the increasing prominence of the Middle East in this field, PiP World’s integration into the Web3 gaming ecosystem is particularly timely. The UAE, especially Dubai, is positioning itself as a global hub for Web3 gaming. By 2025, the region is projected to attract up to 100 million gamers and create a market worth approximately $1 billion, placing PiP World at the forefront of this transformation.
With the support of Exinity and the integration of StockRise into its ecosystem, PiP World leads the way in gamified financial education. The platform uniquely combines gaming, education, and Web3 technology, providing powerful tools for individuals looking to cultivate financial literacy and achieve financial freedom.
Exinity Group is a global fintech powerhouse dedicated to empowering the next generation of investors. With decades of trading and investment experience, Exinity operates successful retail brands, including ForexTime (FXTM) and Nemo, serving over 2 million clients in more than 180 countries. The group focuses on developing economies in Asia, the Middle East, and Africa, and its commitment to fostering financial success aligns perfectly with PiP World’s vision.
About PiP World:
Supported by Exinity, one of the world’s leading fintech organizations, PiP World leverages Exinity’s extensive network, including access to its 5 million-strong community of traders and 500,000 monthly active users on Alpari and FXTM.
PiP World provides a platform that offers simplified, visualized, personalized, and gamified experiences that appeal to both novice and experienced traders.
The PiP World ecosystem features several unique products:
PiP Trader: An immersive strategy and management simulation game that challenges players to manage and grow their trading portfolios.
PiP Academy: A gamified financial education application that personalizes the learning process, making complex financial concepts easy to understand and enjoyable.
StockRise: The highest-grossing stock simulator on Roblox.
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About Exinity:
Exinity Group (https://group.exinity.com/) is a global fintech company committed to empowering the next generation with financial freedom. Originating from the forex brokerage business, Exinity is creating and developing a range of unique innovative trading and investment products that appeal to new customers who are attracted to the freedom that financial independence brings but find traditional products unappealing. Exinity focuses on developing economies in Asia, the Middle East, and Africa, massive markets served by highly proactive, customer-centric, and creative workforces centered around four strategic hubs.
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