Fnality, a United Kingdom-based blockchain payment firm, has secured millions of dollars in funding supported by leading traditional and non-traditional financial giants. The Series C funding round of Fnality has been led by WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb.
According to Crunchbase, Fnality has raised £50 million in a Series A funding round. It raised £77.77 million in Series B, primarily led by PNP Paribas and Goldman Sachs. In all funding rounds, it gathered millions of dollars, mainly backed by the names such as Santander, CIBS, and UBS, with a few others.
In Series C, Fnality has raised $136 million, representing a significant milestone for the payment provider and its mission to build a new global settlement network enabled by distributed ledger technology (DLT).
As per some third-party data, the estimated revenue of Fnality International is $20.2 million annually, and its estimated revenue per employee is $143,000. The same data set notes that around 15- 20 major financial institutions are shareholders and active participants.
Crypto projects continued to raise millions with a growing market
As per Rootdata(dot)com, most recently, Cloudburst raised $7 million in Series A funding backed by Borderless, Coinbase, and others. ZeroHash raised $104 million in a Series D funding round, Coop secured $4.5 million in funding.
Shield raised $5 million in a seed round, Titan also raised $7 million in a seed round, GRVT announced $19 million in Series A, and Bio Protocol secured $6.9 million in a Seed round.
Coinbase Ventures, Animoca Brands, Amber Group, YZi Labs, Andreessen Horowitz, GSR, Mirana Ventures, Hashey Capital, Selini Capital, MH Ventures, and Hack VC have continued to support funding in the crypto category.
Major angel investors include Anatoly Yakovenko, Balaji Srinivasan, Sandeep Nailwal, Nom, Raj Gokal, Mert Mumtaz, Santiago Roel Santos, Michael Heinrich, and Sam Kazemian.
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