The company secured USD 12 million in seed capital to boost its cryptocurrency-based financing solutions.
132 Total Views
13 Total number of shares
Digital, a developer of a blockchain-based SaaS orchestration platform for enterprises, announced on January 4 that it had closed its most recent seed funding round with $12 million. The round was overseen by Green Visor Capital and 645 Ventures, who have since joined Cion Digital’s board of directors. Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures also participated.
Following the collection, the company said that intends to allocate the capital to its new resource and development center in pune, India, in an effort to further expand the payment infrastructure of the project.
There, the team hopes to roll out new cryptocurrency adoption methods for traditional financial services as part of its current orchestration platform. In addition, this funding will be used to promote new interoperability standards.
According to the co-founder of Cion Digital, Snehal Fulzele, Your business model will consist of a flat monthly fee for the platform, plus a transaction fee that increases based on the number of digital assets being processed.
Cion Digital said it hopes to use these Expanded features to reach a larger and more diverse customer group. These expanded features include a FinTech lending protocol, which provides an easy way for customers to invest in cryptocurrencies, as well as allowing clients take fiat loans using cryptocurrencies as collateral, and a vehicle trading protocol that is capable of creating a crypto-financing plan aimed at younger consumers.
Keep reading:
Follow us on Telegram Y Google news I’ll stop Receive all the news instantly
Note: This article has been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
occiam Wireless Earbuds Bluetooth 5.3 Headphones Ear buds 64H Playback IPX7 Waterproof in Ear Earphones for Smart Phone Laptop Computer Sports (Black)
$9.99 (as of June 30, 2024 21:12 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
INIU Portable Charger, Slimmest 10000mAh 5V/3A Power Bank, USB C in&out High-Speed Charging Battery Pack, External Phone Powerbank Compatible with iPhone 15 14 13 12 X Samsung S22 S21 Google iPad etc
$14.55 (as of June 30, 2024 21:12 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Original Bunch O Balloons Tropical Party 330+ Rapid-Filling Self-Sealing Water Balloons (Amazon Exclusive 10 Pack) by ZURU Water Balloon for the Whole Family, Kids, Teens and Adults
$24.99 (as of June 30, 2024 21:12 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Blink Outdoor 4 (4th Gen) – Wire-free smart security camera, two-year battery life, two-way audio, HD live view, enhanced motion detection, Works with Alexa – 3 camera system
$233.99 (as of June 30, 2024 21:12 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
