Tuesday, January 18, 2022

Slide Slide
Home Block Chain Block-chain start-up Almond Finance bags US $ 2 million

Block-chain start-up Almond Finance bags US $ 2 million

The firm allows people to send money across borders through block-chain tech, even without a bank account

In a seed funding round led by Morningside Group, Almond Finance, a block-chain based money transfer service based in Boston and Singapore, has raised US $ 2 million.

The start-up was founded last year by Adam Swartzbaugh and Yunus Sevimli – both MIT Sloan School of Management graduates. The firm allows people to send money across borders through block-chain tech, even without a bank account.

In the first quarter of 2022, the fin-tech firm aims to open its first money transfer corridor, which will focus on Southeast Asia and North America. Almond Finance said in a statement it is currently in discussions with potential partners in Thailand and Malaysia and also finalizing agreements with the two largest financial institutions in Cambodia.

Almond Finance plans to use the fresh funds for hiring, product development, and compliance purposes.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.

khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

Bringing new technology and automation into the process is always on priority, says Vinay Kumar, CIO at MMG

As technology became increasingly important, one of the most important roles that I needed to adapt to was to become a strategic thought partner...

Venture capitalist technology: CM Bommai hails PM Modi as Bengaluru becomes one of top funding hubs

Overall, Indian tech venture capitalist technology investment grew nearly three times to USD 44.6 billion in 2021 from USD 14.9 billion in 2020 As India...

Technology: Banks to face major challenge in finding talent

The demand in the market today is for the right talent, whether it’s for business, technology or some of the niche skills around AI...

Rocket scientist Somanath is the new Chairman of ISRO

From TKM College of Engineering, the rocket scientist earned his B. Tech in mechanical engineering and a Masters in aerospace engineering from the Indian...

Recent Comments