There’s more funding for Blockchain related startups this week as Stratumn scores €600,000 for its development platform, designed to provide the infrastructure to help ideas take flight. The company says it wants to remove barriers to building, deploying and running blockchain apps. The backing will help the company more than double its team from five to 12 as it aims to boost its prominence in the European blockchain space.
Funding comes from Optium Venture, also French, as well as blockchain angel Eric Larcheêque, the CEO of Ledger and founder of Maison du Bitcoin. The team is headed up by CEO Richard Caetano from California who is behind iPhone app btcReport with Stephan Florquin as CTO, who was lead developer for French bitcoin exchange Paymium.
Funding Circle has perhaps started 2017 in a better way than most. The London-based lending platform that connects small businesses with investors has raised $100m (£82m) in equity investment.
IZettle, Square's European rival, has raised €60m ($63.4m) in new funding and has also appointed a new CFO, Maria Hedengren.
Monese, the mobile-only bank aimed at European customers who may struggle to open a bank account in the UK via traditional means, has raised $10m in Series A funding round.
A group of Chinese companies and state-owned businesses are partnering to create a new $1.5 billion fintech fund that will focus on mergers and acquisitions, and nurturing fintech enterprises in China.