Wellfield Technologies Inc. announced its partnership with Banxa aimed at driving growth for Coinmama, Wellfield's wholly owned subsidiary. In 2023, Wellfield completed a significant operational reorganization at Coinmama to improve efficiency and reach operational profitability, while also laying the groundwork for new product expansion and user growth initiatives. The partnership with Banxa begins new efforts for accelerated user growth, bringing Banxa's latest product enhancements to Coinmama's platform and strengthening Coinmama's position in the cryptocurrency market.

Through Wellfield's partnership with Banxa, bolstered by their robust regulatory solutions and operational excellence, Coinmama customers receive access to a premier gateway for seamlessly transferring funds into the blockchain. Combined with recently announced and future product enhancements, Banxa's efficient fund transfer process and advanced tools enable Coinmama to deliver a secure, compliant, and unparalleled journey into the blockchain ecosystem.