Yesterday, Belgium-based SettleMint announced it raised €1.9 million ($2.1 million) led by the venture arm of major Dutch telecoms firm KPN and existing investor Medici Ventures. The blockchain startup said it would use the money for the expansion of its business in Europe, the Middle East, Africa, and APAC countries.
This round brings SettleMint’s total funding to €5.5 million ($6.1 million). The company offers a Blockchain Platform as a Service (BPaaS) called Mint, which acts as middleware for blockchain application deployment. The goal is to enable companies to integrate any blockchain into their existing applications and legacy back-end systems.
Another perk is the option of switching blockchain protocols, but the problem with some middleware is that certain functions specific to a blockchain might not be supported.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
