Thai blockchain startup raises US$31.2mn

January 13, 2020 | Blockchain
Written by FinTech Alliance

Tags

Lightnet
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

Huawei Technologies CTO joins Apollo Fintech
Blockchain
December 27, 2019

Huawei Technologies CTO joins Apollo Fintech

Jorge Sebastiao has joined the board of Apollo Fintech as an advisor. In Brief: Sebastiao h...

Cryptocurrency could replace fiat by 2030, says Deutsche Bank
Blockchain
December 09, 2019

Cryptocurrency could replace fiat by 2030, says Deutsche Bank

Deutsche Bank’s new report predicts the rise of cryptocurrency in favour of traditional money....

Blockchain Framework | 4 Key Advantages of Using Erlang OTP

Posted By The Community

Blockchain
November 25, 2019

Blockchain Framework | 4 Key Advantages of Using Erlang OTP

If you are involved in your own blockchain project and/or are looking to use distributed application...

Written By: Erlang Solutions

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...

Blockchain Economic Forum 2020

Blockchain Economic Forum 2020

When: Jan 20th - Jan 24th, 2020
Where: Guggerbach Hall, Davos , GB
Price: £4,000
Blockchain Expo Global 2020

Blockchain Expo Global 2020

When: Mar 17th - Mar 18th, 2020
Where: Olympia Grand London, London
Price: FREE