Thai blockchain startup raises US$31.2mn

January 13, 2020 | Blockchain

Written by FinTech Alliance

Thai blockchain startup raises US$31.2mn

Lightnet has raised $31.2mn in a funding round led by United Overseas Bank.

In Brief:

  • The round also included Seven Bank UniPresident Asset Holdings, Hashkey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities.

  • Lightnet uses blockchain technologies for remittances.

  • It offers three solutions: BirdgeNet, LiquidNet and SmartNet.

What does this mean?

Currently Lightnet’s main platform has been completed and it is on track to launch early this year. It aims to grow through integrating with payments providers such as MoneyGram.

Read more here.

 

More in Blockchain

GSX launches security tokenisation platform
Blockchain
May 11, 2020

GSX launches security tokenisation platform

Global FinTech, Gibraltar Stock Exchange Group, has launched a security tokenisation platform. In...

Libra has its first CEO
Blockchain
May 07, 2020

Libra has its first CEO

The Libra Association, in charge of Facebook’s currency project, now has a CEO. In Brief:...

Checkout.com joins Libra project
Blockchain
May 04, 2020

Checkout.com joins Libra project

British e-commerce FinTech Checkout.com has joined the Libra Association. In Brief: Libr...

Blockchain
December 20, 2019

See the full picture of the value of blockchain

In brief When done right, blockchain is about rethinking business models and relationships bet...

Blockchain
December 20, 2019

How public blockchains are making private blockchains obsolete

The era of private blockchain comes to a close as the value of public blockchains is realized. 

Blockchain
November 29, 2019

Global Blockchain Race: Which Countries Are in the Lead?

FinTech is having a great decade. According to Carsurance, four of the most disruptive innovations i...

There are no Events in this category