Japan's TechBureau Raises $6.5 Million for Bitcoin and Blockchain Services
A Japanese blockchain startup has raised ¥720m (or just over $6.5m) in a new Series A funding round. TechBureau, which operates a bitcoin exchange called Zaif and a permissioned blockchain platform named Mijin, netted the investment from a group of investors. Participants in the round included Arara, a financial services firm; online information portal OKWAVE; VC firms Nippon Technology Venture Partners and Hiroshima Venture Capital; and FISCO, a corporate analysis firm. The round also included an existing investor, Money Partners Group, a forex broker that invested in the startup last....
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Bitcoin seems to be part of whatever these companies have planned well, which could boost cryptocurrency adoption in Japan over the coming months and years. People active in the world of Bitcoin and cryptocurrency will have heard of the Zaif exchange before, which has become a popular Bitcoin platform in Japan. Money Partners Group has invested in TechBureau, the parent company of Zaif, for the sum of JPY 49 million. It is not the first time the name Money Partners Group (TYO:8732) is used in combination with the Bitcoin industry. Just last month, the forex brokerage invested in Payward –....
TechBureau has indicated they will use the US$6.2m in funding to improve and expand the accessibility of their Zaif exchange platform, which will bring Bitcoin to even more customers. TechBureau Inc. has been making a name for itself over the past few months, as they operate one of the largest Japanese Bitcoin exchanges called Zaif. Their Series A funding is going quite well, as the company has raised US$6.2m so far. Major Investors See the Value of TechBureau. The name TechBureau has been part of media headlines several times in the past, and the company is carving out a clear path for....
Japan seems to have Bitcoin fever these days. Trading volume is growing exponentially in the region and organizations across the land are investing in this new technology. Now the Japanese blockchain firm TechBureau, who maintains one of Japan’s largest Bitcoin exchanges, Zaif, has just raised ¥720m or $6.5 million USD. As well as this significant....
Blockchain startup Tech Bureau unveils new core Catapult and raises US$ 6.6 million to fund Zaif Bitcoin Exchange. Blockchain startup Tech Bureau is based in Osaka, Japan. It has been in the news recently as it’s raised funds for its two major offerings: Zaif exchange and Mijin, a private blockchain product. Cointelegraph had the opportunity to talk to Takao Asayama, CEO of Tech Bureau Corp (Zaif Exchange). We asked him in detail about the future of Tech Bureau and recent new developments. Funding from existing partners. Takao Asayama revealed to us that TechBureau has received funding to....
Japan now has two new industry groups to support digital currency and blockchain business in the country, following the launch of the Japan Blockchain Association (JBA). Formed in mid-April, the JBA replaces the former Japan Association of Digital Asset (JADA), which has been active in the industry since July 2014. The new group includes high-profile....