Radpay, the decentralized payment processing company secures $1.2 million in a seed round, with participation from investment firms such as Resiliency Ventures and BlackLaunch.
On Nov. 18, Radpay published a press release stating it completed a $1.2 million series seed round that reflects a 20% oversubscription.
The company saw financial support from a number of Silicon Valley investors such as:
Phoenix-based investment firms Resiliency Ventures and BlackLaunch
Investors from Nebraska and Arizona.
Radpay plans to allocate the raised funds for the further development of the company such as commercialization of its technology, expansion of products to e-commerce sites and retailers.
It will be used further for the ongoing development of the company’s products focused on blockchain, payments, and digital wallets.
Earlier, cryptonewspoint reported that Opera web browser’s, Africa Fintech startup OPay has sealed $120 million in a Series B financing round from a host of high-profile Chinese investors. OPay reportedly intends to use the new Series B $120 million round to scale and extend its digital payments solution beyond Nigeria to Kenya, Ghana, and South Africa.
Source: Business Wire | Cointelegraph | Image: Payment Week