fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Blockchain startup Almond Finance raises US$2 million in seed funding round

AsiaTechDaily Writer by AsiaTechDaily Writer
03 January 2022
in Featured, FinTech
0
Almond Finance
18
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Singapore and Boston based B2B startup Almond Finance that offers a blockchain-based fund transfer infrastructure connecting financial institutions globally has raised US$2 million in seed funding led by Morningside Group along with participation from other angel investors.

The funding will help the company to drive product development, hiring, and adhering to the compliance requirements for multiple markets.

“It was a pleasure to work with the Almond Finance team on this funding round. They are an impressive and diverse group who are poised to disrupt the industry. We are expecting great success with their innovative platform,” said Mick Sawka, Investment Manager at Morningside Group.

The FinTech startup aims to open its first money transfer corridor that will focus on Southeast Asia and North America in the first quarter of 2022.

Diving Deeper

Almond Finance’s innovative platform offers interoperability between existing mobile wallet and payment services that enable users with or without the bank account to transfer money across borders.

Almond Finance states that it offers a suite of APIs that enable P2P transfers, digital currency-based international settlement, and mobile user interface or white-labelled web. The firm believes that it offers the friendliest way of money transfers. It offers various benefits to its users, for instance, it allows users to stay connected without even installing new software or app. Users can stay connected with their financial institutions.

According to the company, it is presently in talks with potential partners from Malaysia and Thailand to build its network and is finalizing agreements with two of the largest financial institutions in Cambodia.

Almond Finance is also looking at neo-banks, US-based banks, and credit unions to join its network of international money transfers, facilitating individuals to transact with its user base in the Asian region.

The startup was founded by two MIT graduates- Yunus Sevimli and Adam Swartzbaugh.

Tags: B2BBlockchainFintech startupP2PSoutheast Asia
Previous Post

India’s Mamaearth and Derma Co’s parent company Honasa Consumer Pvt. Ltd. bags unicorn title with US$52 million fundraise from Sequoia Capital

Next Post

RushOwl raises $500K to expand its ride-sharing business in APAC

Related Posts

edit post
WhyQ
Ecosystem

WhyQ secures $1.4m to help SMEs compete in digital economy

January 30, 2023
edit post
Eazy Digital
Featured

Thai insurtech startup Eazy Digital raises $850K in Seed funding

January 30, 2023
edit post
Grab Kandal
Featured

Grab appoints Philipp Kandal as Chief Product Officer

January 30, 2023
edit post
Holmusk
Featured

Healthtech startup Holmusk raises $45m to continue rapid expansion

January 23, 2023
edit post
Xendit
FinTech

Indonesia’s Xendit enters Malaysian market to offer hyperlocal payment solutions

January 23, 2023
edit post
Jumppoint
Featured

Hong Kong-based logistics platform for e-commerce merchants Jumppoint raises $6.5m in series A

January 16, 2023
Next Post
edit post
RushOwl

RushOwl raises $500K to expand its ride-sharing business in APAC

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback