UAE – Mubasher: PiP World, a pioneering Web3 gaming and EdTech ecosystem, has secured $10 million in seed funding from Exinity, according to a recent press release.
This investment will back PiP World’s objectives to evolve financial education, transforming it into an engaging and gamified experience that’s accessible to users.
Pip World provides offerings, such as PiP Trader, a strategy management simulator game for building trading portfolios; PiP Academy, a gamified app that simplifies financial concepts; and StockRise, Roblox's top-grossing stock simulator, now integrated into the PiP World ecosystem.
The startup aims to bridge the gap in financial literacy worldwide and in the UAE, with Dubai rapidly positioning itself as a global hub for Web3 gaming.
Saad Naja, CEO and Founder of PiP World, stated: “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,” Naja added.
Lex Webster, Managing Partner at Exinity, commented: “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 lead the gaming sector in the Middle East region, which is set to attract up to 100 million gamers and create a market worth an estimated $1 billion by 2025.
