Tag: funding

Estonia’s Mercuryo.io Closes €2.5m Seed Funding to Build the Stripe of Crypto – Blockchain News, Opinion, TV and Jobs

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As reported by FinSMEs Estonian startup Mercuryo.io, working on providing cryptocurrency payment processing solutions, has closed a €2.5 million funding round led by Target Global. Mercuryo.io is a cross-border payments network that enables businesses across the world to send and receive payments for goods and services using cryptocurrencies. Its infrastructure provides solutions for virtual accounts, business payments, remittance processing, and mass payouts regardless of local payment methods and currencies. The investor, Target Capital, is a large international VC fund with EUR 800m+ under management. ~ Advertisement ~ The startup’s mission is…

Coca-Cola Amatil invests in Centrapay’s seed funding round

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Coca-Cola Amatil’s corporate venturing platform Amatil X has invested in digital asset and payment provider Centrepay, as part of the startup’s seed funding round.  Coca-Cola Amatil, one of the largest bottlers of the Coca-Cola range in the world with over 270 million customers, already had a corporate partnership with Centrepay by allowing users to pay for items with cryptocurrencies on any of the company’s 2,000+ vending machines across Australia and New Zealand.  Centrepay is now expanding its payment forms to include contactless fiat, Epay gift cards and vouchers, with Centrepay…

Framework Labs nabs $8m in funding round

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Framework Labs, the sister company of Framework Ventures, has raised $8 million in a new seed round. Station 13, an investment firm focusing on blockchain ventures related to sports, media, and entertainment, led the $8 million fundraising round for Framework Labs. Framework will use the funds to grow its team of researchers, traders, and engineers. The company has already hired former CTO and co-founder of decentralized exchange IDEX Ray Pulver and former principal at Wavemaker Partners Roy Learner. According to an Aug. 27 report from Forbes, Framework Labs founders Michael…

NASA is Funding a Blockchain Solution for Space Communication

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The United States National Aeronautics and Space Administration (NASA) is funding two US-based companies to develop a blockchain solution to enhance communication in space. Two US companies, Orbit Logic and the Fraunhofer USA Center for Experimental Software Engineering were awarded $124,800 and will help develop NASA’s proposed blockchain solution dubbed Space Communication Reconstruction and Mapping with Blockchain Ledgering (SCRAMBL). NASA’s SCRAMBL blockchain solution will be ‘lightweight and tailored’ to function efficiently on the resource-constrained computing elements used on satellites. As NASA detailed in the award briefing, SCRAMBL will “leverage blockchain…

Blockchain Rockstars Billon receive £2M funding with UK Future Fund participation – Blockchain News, Opinion, TV and Jobs

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The 5-year-old British-Polish fintech Billon Group has completed £2 million investment supported by the Future Fund scheme, available to promising UK tech businesses during the COVID-19 pandemic. Billon secured investment commitments from angel investors and VCs of £1 million matched by the UK government through the British Business Bank for an additional £1 million. As part of the agreement, Billon has the opportunity to attract additional private investments for up to £500,000 by the end of October 2020, with all investments in the form of convertible loan notes. Wojtek Kostrzewa, CEO Billon…

Bitcoin Lending Startup BlockFi Pulls $50 Million in New Funding

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BlockFi has managed to attract new funding from investors. At the moment, BlockFi has $1.5 billion in crypto assets on its lending platform and is producing a little less than $10 million per month in revenue. New York-based Bitcoin lending firm, BlockFi announced on August 20 that it has raised $50 million in a new funding round led by Anthony Pompliano’s Morgan Creek Digital. The funding round also saw other participating investors including Valar Venture which led BlockFi’s Series A and B rounds, as well as CMT Digital, Castle Island…

Japanese Lunar Lander Startup ispace Raises $28M in Series B Funding

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The Japanese startup ispace which is planning several lunar lander missions has raised about $28 million in a Series B funding round to help it prepare for several missions to the Moon in the coming years. A Japanese company that is planning several lunar lander missions has raised about $28 million in a Series B funding round. ispace is one of the startups working to put a private lunar lander on the Moon in the next few years. The acquired funds will enable the firm to complete the development of…

Robinhood Valuation Climbs $11.2 Billion with New $200 Million Funding

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With the latest funding, Robinhood announced an additional $200 million amid a season of consistent growth for the company. Robinhood Markets Inc is now at a valuation of $11.2 billion after its latest funding on Monday. The fintech startup said it raised $200 million from an investment firm, D1 Capital Partners. The recent funding marks the company’s third major cash investment in the last four months. In May, Robinhood’s valuation hit $8.3 billion after it raised $280 million. In addition, the fintech company raised $320 million more, pushing its valuation…

Robinhood Raises $200M in Funding Round, Now Valued at $11.2B

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Stock and crypto trading app Robinhood has raised $200 million in a new funding round. In an Aug. 17 blog post, Robinhood said it had secured $200 million in a Series G funding round. Robinhood said that the platform is now reportedly valued at $11.2 billion according to D1 Capital Partners.  The trading app said the investment would be used to improve its “core product and customer experience.”  Robinhood recently raised $320 in a July funding round at a $8.6 billion valuation with investors including TSG Consumer Partners and IVP,…

New Blockchain Patent Presented by US Postal Service as Trump Denies Funding for Mail-In Votes

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In light of the 2020 US presidential elections, Trump admitted to denying funding to the US Postal Service (USPS), despite the mailing service’s proposal on Thursday of a new patent for a blockchain-powered voting system, which would make ballot casting more secure.   Why Did Trump Deny Funding to USPS? President of the United States (POTUS) Donald Trump had been reported by Forbes to have denied USPS’ funding in order to block mail-in voting, sparking rage from Joe Biden’s Democratic Party, who allegedly needs that money sponsoring to keep the post office rolling and the ballots coming.  With all this ongoing, the…