Unbanked Secures New Round of Financing
It is reported that Unbanked, the blockchain financial technology solution, announced the completion of a new round of financing. The specific amount has not b…
It is reported that Unbanked, the blockchain financial technology solution, announced the completion of a new round of financing. The specific amount has not been disclosed yet. KingsCrowd Capital, a data-driven venture capital fund, participated in the investment.
Unbanked completed a new round of financing and KingsCrowd Capital participated in the investment
Interpretation of the news:
Unbanked, the blockchain financial technology solution, has just announced that it has completed a new round of financing. Although the exact amount has not been disclosed, it is reported that KingsCrowd Capital participated in the investment. The participation of KingsCrowd Capital is significant, as the firm is known for its data-driven approach to venture capital funding.
The blockchain technology market has been growing at an unprecedented pace in recent years. Blockchain has the potential to revolutionize how people do business around the world. It is a decentralized, secure, and transparent ledger technology that allows for the safe and quick transfer of assets, including money, without the need for intermediaries.
Unbanked is designed to tap into this potential. By leveraging blockchain technology, Unbanked aims to provide financial services to the millions of people around the world who are unbanked or underbanked. These are individuals who are excluded from the traditional banking system due to various reasons, including lack of documentation, high fees, and low income.
The new round of financing that Unbanked has secured will undoubtedly help the company expand its operations and reach more people in need. According to the World Bank, there are over 1.7 billion people around the world who are unbanked. Unbanked’s mission is to provide these individuals with access to financial services that are both affordable and accessible.
The participation of KingsCrowd Capital in this new round of financing is a testament to the potential of Unbanked. KingsCrowd Capital is known for its data-driven approach to venture capital funding, and their participation in Unbanked’s latest round of funding shows that they believe in the potential of blockchain technology and the impact that Unbanked can have in the financial services industry.
In conclusion, Unbanked’s latest round of financing is a significant step towards achieving its mission of providing financial services to the unbanked and underbanked. The participation of KingsCrowd Capital in this round of funding is a validation of the potential of blockchain technology and Unbanked’s ability to disrupt the financial services industry. As the blockchain market continues to grow, it will be exciting to see what Unbanked can achieve with its innovative financial technology solutions.
Overall, the keywords that best summarize this message are Unbanked, blockchain, and financing.
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