Southeast Asian fintech firm HelloGold has secured Series A funding from Silicon Valley venture capital firm 500 Startups. The funding will be used for the integration and testing of blockchain elements on the HelloGold mobile app. Providing the world’s first Shariah-compliant platform to buy, store and sell physical investment-grade gold for as little as a fraction of a dollar, HelloGold is migrating its platform to Ethereum smart contracts in the second half of 2018 to enable greater transparency and security of gold transactions. The funding amount was not disclosed.
Southeast Asian fintech firm HelloGold has secured Series A funding from Silicon Valley venture capital firm 500 Startups. The funding will be used for the integration and testing of blockchain elements on the HelloGold mobile app. Providing the world’s first Shariah-compliant platform to buy, store and sell physical investment-grade gold for as little as a fraction of a dollar, HelloGold is migrating its platform to Ethereum smart contracts in the second half of 2018 to enable greater transparency and security of gold transactions. The funding amount was not disclosed. Robin Lee, CEO and Co-founder of HelloGold, said, “We’re honoured to have 500 Startups support HelloGold as we use blockchain to reduce barriers and accelerate access to more affordable financial products in Asia. By integrating blockchain into the HelloGold platform, customers will benefit from greater transparency, better security, and greater flexibility.”
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