Blockchain Post-Trade Startup Juzhen Raises $23 Million Series A
Juzhen Financials, a startup led by China UnionPay veteran Lilin Sun, has raised $23m (¥153m) to develop clearing and settlement solutions based on distributed ledger technology. The Series A funding was led by Wanxiang Holdings and included support from its blockchain-focused investment subsidiary Fenbushi Capital. The funding marks the largest investment round raised yet by an Asia-based blockchain startup, CoinDesk data reveals. As a result, the Shanghai-based startup becomes one of the best positioned blockchain firms to seek to collaborate with banking incumbents on solutions for....
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Juzhen Financials plans to launch its own blockchain tech for banks in 2017. The largest China-based blockchain startup, Shanghai-based Juzhen raised $23m in September 2016 to target a similar demographic to Western startups Digital Asset Holdings and R3CEV. Since then, Juzhen has been actively working with the ChinaLedger blockchain consortium, as well as paying attention to developments from the West, including, its representatives said, the launch of Hyperledger's Fabric and R3's Corda products. Ada Xiao, Juzhen's director of overseas marketing, told CoinDesk: "We are designing our....
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio On Monday, the blockchain company Immutable revealed it raised $200 million from investors in a Series C funding round. The financing was led by Temasek alongside other participants including Tencent, Animoca Brands,....
Blockchain startup OXIO raised a $12 million Series A to make “Telecom-as-a-Service” as common as SaaS.
Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet.
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An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from a pre-Series A investment round. The round was led by a consortium of global as well as African venture capital firms like Lateral Frontiers VC, CRE Venture Capital, and Musha Ventures.
Global investors that took part in this round include Dragonfly Capital, Hashkey....
Fintech startup Flutterwave announced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw the startup’s value rise to over $3 billion.
Capital Raised to Fund Flutterwave’s Expansion Plans
The Nigerian fintech startup Flutterwave recently announced it raised $250 million in a Series D funding round. The latest capital raise, led by B Capital Group, saw the fintech firm’s valuation increase to over $3 billion.
According to a statement on the remittance and....