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Funding
Kinto raises USD 5 million in pre-seed and Series A funding to expand team and network development efforts
Decentralized Finance (DeFi)
Nov 15, 2023
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

View industry hub
Nov 15, 2023

Kinto raises USD 5 million in pre-seed and Series A funding to expand team and network development efforts

Funding

  • Kinto, a provider of KYC'ed and decentralized blockchain for financial apps, has raised USD 5 million in two funding rounds. Kyber Capital Crypto led both rounds, with a contribution of USD 1.5 million in the pre-seed round and USD 3.5 million in the second round, alongside investors including Spartan Group, Parafi, Skybridge, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane, and Robot Ventures.

  • Kinto aims to use the funds to expand its team and further its network development efforts.

  • Kinto offers KYC'ed Layer 2 support for financial institutions and decentralized protocols built atop Ethereum, Kinto provides a bridge for traditional financial institutions to access the liquidity within the Ethereum ecosystem. The platform is built with privacy and security features, including encrypted KYC data, user insurance, and measures to guard against fraudulent activities.

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