Leading international fintech company Exinity has provided $10 million in seed funding to PiP World, a Web3 gaming and edtech ecosystem. With this investment, PiP World is one step closer to its goal of revolutionizing financial education and making it more approachable and gamified for users of all skill levels. Exinity is governed by several laws, including those of the ADGM Financial Services Regulatory Authority in Abu Dhabi. The company is based in the United Arab Emirates and has offices in the United Kingdom and Cyprus.
Pip World empowers users worldwide by fusing personalized learning with captivating gameplay. Important products include StockRise, the highest-grossing stock simulator on Roblox, which is now a part of the PiP World ecosystem; PiP Trader, a strategy management simulator game for creating trading portfolios; and PiP Academy, a gamified app that explains financial concepts.
Saad Naja, CEO & Founder of PiP World, stated, “We are excited to join forces with Exinity as we advance our mission to transform the way people learn about financial markets. This investment will enable us to expand our offerings and reach more users globally, particularly in the emerging markets where financial tools and knowledge are scarce. Our goal is to empower individuals with the financial knowledge and skills necessary to navigate the complexities of today’s economy and financial markets, and this partnership with Exinity brings us one step closer to achieving that vision.”
Exinity is committed to equipping the next generation with the skills and knowledge necessary to thrive in the contemporary financial environment, so its strategic investment in PiP World is in line with this goal. Lex Webster, Managing Partner, Exinity, commented, “PiP World’s innovative approach to financial education through gamification is precisely the kind of forward-thinking solution that aligns with our vision. By integrating our robust financial and trading technologies with PiP World’s immersive gaming and learning environment, we are catalysing a paradigm shift in how financial literacy is perceived and attained.”
PiP World seeks to close a sizable financial literacy gap in the UAE as well as worldwide. The UAE scored lower than the world average in financial literacy (30.7%), underscoring the need for creative educational approaches. The fact that only 33% of adults worldwide possess rudimentary knowledge of financial markets highlights the shortcomings of conventional teaching approaches. The divide between those who comprehend DeFi and digital currencies and those who don’t has grown as a result of their rapid rise.
Considering the Middle East’s increasing prominence in the gaming industry, PiP World’s integration into the Web3 ecosystem comes at a particularly opportune moment. The UAE is quickly establishing itself as a major global hub for Web3 gaming, particularly Dubai.
PiP World is leading this change, with the region expected to draw up to 100 million gamers and develop a market valued at an estimated $1 billion by 2025.
PiP World is positioned to spearhead the revolution in gamified financial education, thanks to the support of Exinity and the incorporation of StockRise into its ecosystem. The platform’s distinctive fusion of learning, gaming, and Web3 technology makes it an effective tool for people trying to become financially independent and financially literate.
