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Colombian Fintech Movii Raises $15M in Series B Round to Develop a Bitcoin Purchasing Service
Summary: Colombian fintech Movii raised $15 million in a Series B funding round to create a bitcoin purchasing service and expand other services, the company announced. The round was co-led by payments services company Square and Hard Yaka, an investment fund founded by former Ripple Chief Risk Officer Greg Kidd. Movii said in a statement that ...
Colombian fintech Movii raised $15 million in a Series B funding round to create a bitcoin purchasing service and expand other services, the company announced. The round was co-led by payments services company Square and Hard Yaka, an investment fund founded by former Ripple Chief Risk Officer Greg Kidd.
Movii said in a statement that the partnership with new investors would enable Movii to “accelerate the growth of its existing services and launch new ones,” and that it plans to raise a Series C round before the end of the year.
Since July, Movii has participated with two exchanges, Panda and Bitpoint, in a Colombian government-sponsored pilot program that allows financial institutions to provide deposit and withdrawal services to and from a crypto exchange. Founded in 2018, Movii offers a digital wallet with two million users and a payment network for businesses, MOViiRed.
By Amy Liu
Tags: Bitcoin,Funding,Movii
Link: Colombian Fintech Movii Raises $15M in Series B Round to Develop a Bitcoin Purchasing Service [Copy]
