Japanese Cryptocurrency Management Platform Raises $2.3 Million
Japanese cryptocurrency management service provider and SmartCoin operator Orb has raised US $2.3 million in seed funding from leading Japanese venture capital firms and angel investors including SBI investment. With the new financing, the Orb team plans to allocate its funds to the development of Orb's cryptocurrency management platform, which is....
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Tokyo-based startup Orb, the company behind new cryptocurrency management platform SmartCoin, has raised $2.3m in seed funding. Orb, previously known as Coinpass, drew support from various investors including leading Japanese VC firm SBI Investment. The raise brings its total funding to ¥324m (approximately $2.7m). Co-founder and CEO Masa Nakatsu - formerly business development manager at Groupon Japan - told CoinDesk that the funds would be used to release a new version of Orb, currently in private beta, and gain more traction for the business. Nakatsu co-founded the startup in 2014 with....
Hitachi, a major and decades-old Japanese conglomerate and multinational is implementing a blockchain platform onto its popular point management and rewards platform, PointInfinity. Japanese blockchain developer and bitcoin exchange Tech Bureau is providing ‘Mijin’ its private blockchain solution to Hitachi’s PointInfinity, which sees over 150 million members on its platform. The revelation was made in a recent blog post by Tech Bureau, confirming that the test had begun on February 9 this year. PointInfinity is a hugely successful point management solution adopted by merchants and service....
Leading Japanese bitcoin exchange bitFlyer has revealed the successful completion of a ¥3 billion ($27 million) funding round, the largest funding round ever by a bitcoin and Fintech company in Japan. In a funding round led by Japanese investor SBI Investment and Tokyo-based venture capital firm Venture Labo Investment, prominent Japanese digital currency exchange operator bitFlyer has raised around 3 billion yen ($27 million) in new capital. Shares were issued this week via a third-party to investors including the funds overseen by Venture Labo Investment and SBI Investment. The....
Called a fund management platform for the decentralized economy, ICONOMI, an Ethereum-based investment fund for cryptocurrencies and blockchains, has raised over $8.9 million in operational capital and equity through an Initial Coin Offering (ICO). ICONOMI raised $3 million in the last three days alone of its ICO, which closes at 4 p.m. EST today. Developed by Cashila as a disintermediated alternative to the traditional fund management industry, Slovenia-based ICONOMI’s capitalization makes it the 20th most successful crowdfunding project ever, drawing funds from 3,100 investors in 34....
Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing business.” Taking part in Brave Group’s latest funding round were two local companies, foreign investment funds, as well as individual investors. Metaverse Market Growth A Japan-based virtual IP business, Brave Group Inc., recently said it had raised $10 million in new funding, thus bringing the total raised so far to $18 million. The company....