Source: BusinessCloud
Cygnetise has secured £2.5 million in funding for its blockchain technology, designed to streamline digital signatory management. Their cloud-based platform allows finance and operations departments to efficiently and securely manage and share authorized signatories with banks and other partners in real-time. This results in a significant reduction in fraud risk, operational improvements, enhanced governance, increased efficiency, and cost savings.
The pre-Series A funding round was led by Adjuvo, a UK investment syndicate, with participation from Massive, a US venture capital firm, as well as existing venture capital and angel investors. This funding will support Cygnetise’s international and sector expansion plans as it experiences growing demand. The platform is already operational in over 40 countries…
Read full article: https://businesscloud.co.uk/news/cygnetise-raises-2-5m-for-blockchain-signatory-management-tech/
