Bitcoin Startup Coins Raises Over $5 Million in New Funding Round
A bitcoin startup known simply as “Coins” has set a new financial record by raising over $5 million in a Series A funding round. Executives claim the money will be used to bring basic monetary services to unbanked populations in Southeast Asia. Funding efforts were led by the Accion Frontier Inclusion Fund, while other organizations involved include the Digital Currency Group, Globe Telecom, and Smart Communications, two of the largest global telecommunication companies in the Philippines. Leading Accion partner Ganesh Rengasway explained: “Coins is collaborating with key ecosystem players....
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A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led by Fidelity Management & Research Company. AI-Powered Financial Services According to a report by Techcrunch, financial services giant Visa and Kingsway Capital also participated in the funding round, which now sees JUMO valued at $400 million. This latest capital influx comes a year after the startup successfully raised $55 million in what the report calls a similar but unnamed funding round. JUMO, which was founded in 2015 by founder and CEO Andrew Watkins-Ball,....
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Driving Adoption of Cryptocurrencies
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Global investors that took part in this round include Dragonfly Capital, Hashkey....
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