Hot Rocks Investments Plc Invests in Digital Payments Firm

Hot Rocks Investments Plc announced an investment of £75,000 in Endor Group Limited, a UK-based cross-border payments firm operating under the name Universe Payments. This strategic investment targets improvement in payment efficiency and cost reduction by leveraging blockchain technology and digital currencies.

Endor has developed a cross-border payments platform that includes a crypto exchange, aiming to address the challenges of legacy payment systems like SWIFT. With regulatory permissions in the UK and EU, Endor is set to scale operations, supported by a management team experienced in building payment businesses.

Tony Quirke, CEO of Endor and former CFO at Equals, brings experience in scaling financial technology ventures. Gavin Burnell, Managing Director at Hot Rocks, expressed optimism about the investment's potential.