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Mitsui Sumitomo Insurance Venture Capital Joins Nt-Tao's Series A Funding Round

Mitsui Sumitomo Insurance Venture Capital Joins Nt-Tao's Series A Funding Round
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Driving the Future: NoTraffic Accelerates with $50 Million Series B Funding for the Next Generation of Mobility Infrastructure

Driving the Future: NoTraffic Accelerates with $50 Million Series B Funding for the Next Generation of Mobility Infrastructure
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SoftBank-Backed Crypto Brokerage in Brazil Raises $50 Million

(Bloomberg)

2TM Participacoes SA, owner of the biggest Brazil-based cryptocurrency brokerage, raised $50 million as it hunts for acquisitions to expand into additional Latin American markets.

The company, backed by SoftBank Group Corp., received investments from 10T Holdings, a U.S. ....

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Mercado Bitcoin Raises $200M in Funding


The SoftBank Latin America Fund made the investment, which valued 2TM Group at $2.1 billion USD.
The company intends to use the funds to grow the team to 700 by the end of 2021, accelerate growth across its portfolio, which will also include digital wallet provider MeuBank, subject to regulatory approvals. In 2021, 2TM Group will also launch Bitrust, a digital custodian, subject to regulatory approval.
Led by Roberto Dagnoni, Executive Chairman & CEO, and Gustavo Chamati, Co-Founder and Board Member, 2TM Group is a Brazilian holding company managing a range of digital asset services and solutions. Mercado Bitcoin is a cryptocurrency exchange, which processed transactions totaling almost $5 billion USD in volume in the first five months of 2021. Sister companies include: ....

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