News

Satoshi Citadel raises seed round from K Venture Group

Friday 10 June 2016 10:03 CET | News

Satoshi Citadel Industries, a Philippine Bitcoin fintech startup, has raised a seed round from K Venture Group (KVG), the investment arm of South Korea internet company Kakao Corporation. 

The amount of the investment was not disclosed.

Satoshi Citadel was founded in 2014 with the aim of becoming the ecosystem for Bitcoin in the Philippines. The company operates a number of related sites, including Rebit.ph, a remittance service for the Philippines, and BuyBitcoin.ph which is a fiat money to Bitcoin exchange catering for a Filipino audience.

Furthermore, the company currently deploys Bitbit, an mobile wallet that allows users to send, receive and share money with friends and family over email, mobile and social media.

While the new funding was undisclosed, Satoshi Citadel had previously raised USD 100,000.

The company said it would use the new funds to strengthen its technology, grow its team, and expand its number of partners worldwide. 


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Satoshi Citadel, Bitcoin, blockchain, fintech
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
This article is part of category

DeFi & Crypto & Web3






Industry Events