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Dopay raises $18 million to bank Egypt's businesses and their workers
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dopay secures GBP 13.2 mln in Series A funding
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Fintech dopay, a B2B2C Payments Platform for Unbanked Workers, Secures $18M via Series A
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News
Tokenised blockchain banking solution provider Adhara gets USD 7.5 mln Monday 10 May 2021 13:01 CET | News
Adhara has raised a USD 7.5 million Series A round led by Germany’s Yabeo and the UK’s Force Over Mass Capital (FOM).
The enterprise blockchain startup is best known for its central bank digital currency (CBDC) work in South Africa and as the blockchain technology partner to Fnality, a tokenised central bank payments solution. Other investors include Tokentus and ConsenSys, which previously provided Adhara’s USD 15 million Series A round in 2018.
The funding will be used to further the development of commercial banking solutions. Two of the Adhara solutions are both targeted for banks to use for intragroup transactions. One is LiquidityHub T.0 which enables banks to pool cash, by tokenising all its sterling and euro balances, reducing the intragroup Nostro account balances and other correspondent accounts. Tokens can simply be transferred between subsidiar
Digital Pension Solution Penfold Raises Over £3 Million Through Equity Crowdfunding Campaign on Crowdcube
Penfold, a UK-based digital pension solution, has successfully secured more than £3 million through its
equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise a minimum of £1 million, has attracted nearly 700 Crowdcube investors so far.
Launched in 2019, Penfold stated its mission is to help people prepare properly for the future by offering a digital pension that is managed fully through its mobile app.
“People are living longer. This means you might have 20 or 30 years after you stop working where you are free to do whatever you want! But if you want to spend a third of a lifetime travelling, relaxing in your dream home, doing what you love or just hanging out with your grandkids, you’ll need a bit of money.”