Crypto startup Nilos has raised $5.2 million in a funding round led by Viola Ventures and Fabric Ventures.
According to an announcement from Wednesday, other investors who took part in the funding round involved companies such as Mensch Capital Partners and angels backers, including The Sandbox co-founder Sebastien Borget and the former deputy CEO of French banking giant Societe Generale.
Nilos has announced that the funds will be used to bring in new clients, finance research and development, and build the sales and marketing team.
Nilos is aiming to transform the payment service industry. It is working to build a unified platform for managing crypto and fiat treasuries, which involves unifying crypto wallets, corporate accounts, and payment service providers to ensure that income, money flows and payments can be tracked on one platform.
Additionally, Nilos will also allow crypto to fiat currency payouts, the ability to create accounting reports on such data, and can monitor...
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