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Unbanked Secures Funding from KingsCrowd Capital

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It is reported that Unbanked, the blockchain financial technology solution, announced the completion of a new round of financing. The specific amount has not b…

Unbanked Secures Funding from KingsCrowd Capital

It is reported that Unbanked, the blockchain financial technology solution, announced the completion of a new round of financing. The specific amount has not been disclosed yet. KingsCrowd Capital, a data-driven venture capital fund, participated in the investment.

Unbanked completed a new round of financing and KingsCrowd Capital participated in the investment

Interpretation of the news:


Unbanked, a blockchain-based financial technology solution, has announced the completion of a new round of financing. Although the specific amount of funding has not yet been disclosed, the investment was made by KingsCrowd Capital, a data-driven venture capital fund.

This announcement is a significant milestone for Unbanked, as it demonstrates the growing recognition of the value of blockchain technology in the financial sector. Several blockchain-based solutions have been developed over the last few years, but Unbanked has distinguished itself as a unique solution that offers users a decentralized platform for financial transactions.

Unbanked’s platform offers a range of financial services such as remittances, lending, and payment processing. By leveraging the blockchain, Unbanked aims to provide a more secure and efficient system that reduces the costs associated with traditional financial systems.

The participation of KingsCrowd Capital in the latest round of financing also highlights the increasing interest of venture capital firms in blockchain-based solutions. KingsCrowd Capital is known for its data-driven approach to investment decisions, and the fact that it invested in Unbanked shows that the platform has been able to demonstrate its potential as a viable solution in the fintech sector.

The funding secured by Unbanked will likely be used to further develop and improve its platform. As the platform gains more users, there is also the potential for expansion into new regions and the addition of new services.

In conclusion, the announcement of Unbanked’s latest round of financing is an important development for the blockchain-based financial technology industry. The participation of KingsCrowd Capital in the investment underscores the potential of Unbanked’s platform and the continued interest of venture capital firms in the fintech sector.

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