On the 6th June, blockchain firm
BanQu announced that it has raised its Series A extension round with help from brewing giant Anheuser-Busch (AB) InBev’s venture capital arm ZX Ventures. With this funding, BanQu aims to expand its supply chain network in new and existing global markets to address poverty.
Last year AB InBev, the worlds largest brewer, partnered with BanQu for its blockchain pilot in Zambia. The impressive pilot was part of AB InBev’s 100+ Accelerator project, which hosts and funds sustainable startups. BanQu helped over 2000 local cassava farmers by connecting them to the buyer using distributed ledger technology (DLT).
Now, the company’s blockchain platform operates in 12 countries, including Costa Rica, India, Jordan, and its home nation, the US. It aims to expand into China and Mexico by the end of this year.
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