Unbanked completed a new round of financing and KingsCrowd Capital participated in the investment

It is reported that Unbanked, the blockchain financial technology solution, announced the completion of a new round of financing. The specific amount has not been disclosed yet. KingsCrowd Capital, a data-driven venture capital fund, participated in the investment.

Interpretation of this information:

Unbanked, a company that uses blockchain technology in financial solutions, has announced the completion of a new round of financing. However, the specific amount that was raised has not been disclosed. KingsCrowd Capital, a venture capital fund that uses data to make investment decisions, has participated in this investment round.

Unbanked is a company that provides financial solutions using distributed ledger technology, commonly known as blockchain. Their solution allows for faster and cheap transactions compared to traditional banking systems. With the rise of digital payments and the need for cheaper solutions, Unbanked has found a niche in the financial industry. The new funding will allow the company to meet the growing demand for their services and expand their capabilities.

KingsCrowd Capital, on the other hand, is a venture capital fund that uses data to make investment decisions. The company’s platform aggregates various data sources, including social media, news, and financial records to analyze start-ups and make informed decisions. By combining technology and data, the company hopes to create a more efficient way to invest in startups.

The decision by KingsCrowd Capital to invest in Unbanked shows the potential of blockchain technology in the financial industry. As more financial institutions warm up to the idea of using blockchain, Unbanked is well-positioned to capitalize on this growing trend. Additionally, the partnership between Unbanked and KingsCrowd Capital highlights the importance of data in making investment decisions. Start-ups with a strong data-driven strategy are more likely to attract investments from venture capital funds.

In conclusion, Unbanked’s announcement of a successful funding round is a sign of growth for the blockchain financial technology industry. The decision by KingsCrowd Capital to invest in Unbanked is also an indication of the potential of data-driven investment strategies. The combination of blockchain technology and data analysis is a powerful tool in the financial industry, and start-ups that can leverage this will be in a better position for growth.