Live Breaking News & Updates on Oday Announced Raising Usd 4 Million In Its Seed Round From Global Institutional Investors Led By Beenext

Bengaluru (Karnataka) [India], September 22 (ANI/PRNewswire): Binocs, the crypto taxation and Web3 portfolio tracking platform, today announced raising USD 4 million in its seed round from global institutional investors led by BEENEXT, along with Arkam Ventures, Accel, Saison Capital, Premji Invest, Blume Ventures, and Better Capital. The company is also backed by several stellar crypto-native angel investors from the US and India. Binocs, which is launching its platform in the US, UK, South Africa, and Australia, will utilise the funds to expand its product, engineering, growth, and marketing teams. Blockchain is a living ecosystem, and cryptocurrency is one of its first use cases. Over 300 million people around the world have crypto assets in their investment portfolio, a number that is set to double by 2025. However, the financial compliance of this new asset class has become a bottleneck for investors and regulatory authorities. Founded in July 2022 by Tonmoy Shingal (Co-founder, M ....

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