{"id":22697,"date":"2024-06-12T18:30:31","date_gmt":"2024-06-12T15:30:31","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22697"},"modified":"2024-06-12T17:56:00","modified_gmt":"2024-06-12T14:56:00","slug":"kima-raises-5m-for-distributed-settlement-system","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/kima-raises-5m-for-distributed-settlement-system\/","title":{"rendered":"Kima Raises $5M for Distributed Settlement System"},"content":{"rendered":"

Through stock and token investsment rounds, the payment company Kima<\/strong> raised pre-seed money totaling $5 million, therefore augmenting the firm’s overall capital to $8 million.<\/p>\n

Leading the equity round were Blockchange, FinSec Innovation Lab<\/a>, a research and development accelerator out of the payment behemoth Mastercard, and a few angel investors. According to a release, more assistance from the token fundraising came from Outlier Ventures, Blockchange, Big Brain Holdings, Castrum Capital, Kangaroo Capital, and Maven Capital.<\/p>\n

Kima<\/strong> develops a Web3 distributed settlement system linking credit cards and fiat bank accounts with distributed finance (DeFi) capabilities.<\/p>\n

This Might Interest You: Bitcoin and Ethereum Prices Plummet Amid Selloff<\/a><\/em><\/span><\/p>\n

Along with expanding its research and development, finance arm, and regulatory processes, the company intends to utilize the money to onboard more institutions, payment systems, and cross-chain distributed apps.<\/p>\n

“These funding rounds support our continuous efforts to bridge the gaps between traditional systems and the blockchain space on-chain, enabling what was once considered impossible<\/em>,” said Kima<\/strong> co-founder and CEO Eitan Katz in a statement. “They will help us to improve and enlarge our ecosystem, bringing in for the first time actual inter-ecosystem interoperability.”<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Through stock and token investsment rounds, the payment company Kima raised pre-seed money totaling $5 million, therefore augmenting the firm’s overall capital to $8 million. Leading the equity round were Blockchange, FinSec Innovation Lab, a research and development accelerator out of the payment behemoth Mastercard, and a few angel investors. According to a release, more<\/p>\n","protected":false},"author":6,"featured_media":22698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6804,6805],"class_list":["post-22697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-kima","tag-token-investment"],"yoast_head":"\nKima Raises $5M for Distributed Settlement System - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/kima-raises-5m-for-distributed-settlement-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kima Raises $5M for Distributed Settlement System - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Through stock and token investsment rounds, the payment company Kima raised pre-seed money totaling $5 million, therefore augmenting the firm’s overall capital to $8 million. 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