Today Singapore trade finance startup #dltledgers announced a US$7 million Series A raise and simultaneously said it’s switching enterprise blockchain technologies from Hyperledger Fabric to R3’s Corda. We asked whether R3 or its directors invested in the Series A but received a ‘no comment’ response.
The funding was led by India’s Regis and Savoy, Vittal, and existing investor Walden International. It follows a previous $2.5 million seed raise from Walden International.
As of five months ago, #dltledgers reported SGD3 billion ($2.22 billion) in trade transactions and today said it had more than 200% YoY growth but did not provide specific figures.
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