Flexa to Raise $14.1M

As reported, investment round was led by 1kx fund, Access Ventures, Nima Capital investment firms, and Pantera Capital
12 April 2019   305

Blockchain-startup Flexa raised $ 14.1 of investment in creating a payment network for retailers, according to a press release.

The 1kx fund, Access Ventures, Nima Capital investment firms, and Pantera Capital hedge fund took part in the financing round. The latter recently raised $ 160 million for its investment project Venture Fund III.

According to representatives of Flexa, the payment network being developed by a start-up will allow retailers to reduce costs. At the same time, the blockchain technology underlying the network is designed to minimize fraud in payments. The startup also plans to release a mobile application that supports cryptocurrency.

The anti-fraud and cost benefits of global cryptocurrency payments are enormous, but there are many barriers to mainstream adoption for merchants and consumers alike. Flexa's going to change that, and very quickly. With this funding, we'll continue to develop our network infrastructure to support our retail network and strategic partners.

 

Tyler Spalding
Co-Founder and CEO, Flexa

In March, Pantera Capital invested in Tagomi, a cryptocurrency broker that was created by Coinbase co-founder Fred Ersam. 

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.