The UAE-based Web3 gaming startup PiP World raises a $10m seed round. UAE-based Web3 gaming startup PiP World has raised $10 million in a seed round backed by the fintech firm Exinity. This startup combines video game experience, education, and Web3 technology to create an experience that should help improve financial literacy, especially in regions like the UAE, where the financial literacy rate is only 30.7%, below the global average.
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- PiP World’s main product is PiP Trader, a game that trains minds in trading techniques.
- PiP Academy: It is a learnable application with gamification facilities that simplify financial education.
- StockRise: It is the leader in Roblox simulated stock gaming.
Integrating learning content with gamification, PiP World makes finance learning more fun.
The new funding will help expand PiP World’s reach in emerging markets where people need to learn more. In comments, Saad Naja, co-founder and CEO, said this funding was invaluable. “This funding will help us take our service global and extend into regions without any form of financial education. It will empower people with skills to navigate today’s complex financial landscape,” he said.
According to Exinity’s managing partner, Lex Webster: “The collaboration has indeed been transformative and is redrawing how financial education is accessed and understood through the combining of our advanced trading and financial technologies with PiP World’s immersive learning and gaming environment.“.
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Founded on innovative fundamentals, PiP World will fill the gap in financial literacy for easier and more engaging solutions. Such strategic collaboration puts PiP World forward as a pioneer at the intersection of Web3, gaming, and education.
