In Sep 2023, Huarui SmartLink completed an investment in Singapore Cross-Border Payments and Merchant Settlement Platform through a Series C+ transaction, with committed capital of SGD 120M. The asset is currently valued at SGD 2.8B (2025 Valuation), and has become one of the firm's key tracked opportunities within its global multi-asset allocation framework.

The rebound of Southeast Asian commerce and travel, combined with regional settlement connectivity, accelerated demand for cross-border payments infrastructure. Based on its assessment of industry trends, valuation levels, and market liquidity, the team continues to deepen research coverage and post-investment monitoring around this opportunity.

Planned IPO in 2027 on SGX or Nasdaq, with part of the stake retained as a strategic long-term holding. In parallel, the investment also improves cross-border settlement access for SMEs, reduces friction costs, and expands financial inclusion. This remains consistent with Huarui SmartLink's investment approach centered on long-term thinking, balanced risk-adjusted returns, and sustainable value creation.