Financial crime compliance firm Silent Eight raised $40 million in Series B funding. The investment gives the Singapore-based company $55 million in total capital. Led by TYH Ventures, the Series B round featured participation from HSBC Ventures, Silent Eight’s latest customer. Silent Eight, an AI-based financial crime compliance company, has secured $40 million in Series Read more...

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Hong-Kong-based institutional custody service Hex Trust has raised $88 million in a Series B funding round co-led by Animoca Brands and Liberty City Ventures. The round includes both primary capital of $61 million and secondary investment of $27 million. In addition to Animoca Brands and Liberty City Ventures, other investors to participate in the round included Ripple, Terra, BlockFi, CoinList, Wintermute, Morgan Creek, Sino Global Capital, Primavera Venture Partners among others. Prior backers, including Kenetic Capital, HashKey Capital, and Fenbushi Capital, also joined the round. With the fresh funds, Hex Trust now looks towards expanding in the Middle East and Europe in addition to scaling its current team of 100 people to around 160 by the end of this year. Series B featured in @Bloomberg "#Blockchain will become the new infrastructure of the #financialmarkets, which requires institutional players providing infrastructure for institutional investors.”https://t.co/f50XWnK8aX — Hex Trust (@Hex_Trust) March 16, 2022   The latest Series B round brings Hex Trust’s total funding valuation to date to over $100 million. The company didn’t provide a specific valuation with this round but said it’s “10 times more” than the valuation at the time of its Series A round, which was $30 million which translates to at least a $300 million valuation currently. Licensed Crypto Firm in Singapore and Hong Kong Founded in 2018, Hex Trust offers crypto custody, staking, brokerage, and financing services to institutional clients with its licenses in Hong Kong and Singapore. The company has a capital markets services license from the Monetary Authority of Singapore and is registered as a trusted company in Hong Kong. Over the past year, Hex Trust has worked on blockchain projects like Algorand, Terra, Tezos, and Celo, as well as institutions like the UnionBank of the Philippines.

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The latest investment takes Bazaar’s total capital raised to more than $100 million.

Hex Trust, an institutional crypto custodian based in Hong Kong, has raised $88 million in a Series B funding round.

The post Crypto custodian Hex Trust raises $88 million in Series B funding appeared first on The Block.

The startup behind Immutable X, a scaling solution for Ethereum NFTs and games, is the latest crypto unicorn after a Series C raise.

Buy Now Pay Later (BNPL) services provider, Tabby has recently secured $54 million in funding for the expansion of its operations. The company has a strong presence in the United Arab Emirates and ...

Payment fintech Payhawk exited its Tuesday series B round with $100 million in capital and a $1 billion valuation, becoming the first-ever Bulgarian unicorn. London-based Payhawk, which was founded in Bulgaria, consolidates financial information into a single platform, giving European business-to-business (B2B) customers an interface for tracking payments and expenses. Payhawk also offers employee cards […]

Ferrum Network, a cross-blockchain service company & ecosystem, has now announced it will integrate the zkSync Ethereum layer-2 scaling solution into its suite of products. This synergy comes following Ferrum’s participation in the Series B round for Matter Labs, creator of zkSync.  zkSync is a user-centric zero-knowledge (ZK)-rollup platform for Ethereum and is live on […]

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Bulgaria-based Payhawk extended its Series B funding round by $100 million to $215 million. The investment values Payhawk at over $1 billion and brings its total funding to $239 million. The company currently serves businesses in 30 countries and will use the recent funding to pursue further global expansion. Bulgaria may be known more for Read more...

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Johannesburg, South Africa-based crypto exchange VALR, has secured a $50 million (over 750 million Rand) Series B round led by Pantera Capital. (Read More)

Funnel Leasing offers a customer relationship management solution for property managers and deems itself a "renter-centric" leasing platform. It closed on $36.5 million.