Fintech developer is developing digital infrastructure for banks and other financial service providers, it will raised $30 million it to expand its projects in UAE to be the value of the company at around $110 million.
The Washington D.C.-based startup’s Chief Executive Dan Doney told Reuters proceeds would be used to produce blockchain-based infrastructure for investors like State Street and U.S. Bank, and roll out a mobile wallet and fund management platform.
It will also expand in the United Arab Emirates (UAE), where it already has an office, to provide financial services.Securrency develops blockchain and automated compliance tools that banks and other financial service providers use to instantly trade, settle and make payments.
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