LDA Capital completed a $100m investment in The Lightnet Group.

LDA Capital, a private equity firm, completed a $100m investment in The Lightnet Group, a developer of a financial platform designed to provide a banking services network to increase the efficiency of existing money transfer operators and financial institutions. The funds will be utilized to facilitate web 3.0 payment and blockchain ledger-based remittance services focused across Asia Pacific and globally around the world. "Lightnet's next generation financial infrastructure, along with Velo Labs' disruptive technology, will be the future rails for dynamic and regulated markets providing financial mobility and inclusivity across Asia," Warren P. Baker III, LDA Capital Managing Partner, and Co-Founder.