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Solscan Secures $4 Million In Seed Round Co-Led by Multicoin Capital and Electric Capital
Following Fundraising, Leading Solana Block Explorer Plans to Launch a New Analytics Platform
Singapore, Singapore–(Newsfile Corp. – December 21, 2021) –
Figure 1: Solscan Secures $4 Million In Seed Round Co-Led By Multicoin Capital and Electric Capital
A block explorer is an online tool for searching and inspecting blockchain transactions. Launched in June 2021, Solscan’s block explorer today serves over 2.3 million monthly users and more than 180 million monthly data requests. In six months it has grown into the leading explorer within the ecosystem, partially because it has integrated with top projects.
“Solscan sees a massive opportunity and an unmet demand for Solana’s data validations and analytics. We are thrilled to have the support of these incredible partners in this seed round, and this investment will help us further deliver world-class products such as DeFi dashboard, NFT scan, and network’s monitoring amongst others. We look forward to working with other peer projects in the Solana ecosystem, and assisting with their data analytics needs,” said Le Ho, Solscan’s Director.
Solscan plans to release several new products in early 2021, including new network monitoring and analytics tools, enhanced developer tooling, and dedicated info pages for projects. The firm’s upcoming analytics platform, Solscan Analytics, will give users a more tailored, personalized experience. The platform will integrate on-chain and off-chain data to deliver high-quality market intelligence, such as hidden patterns and correlations, emerging market trends, profitable trading behavior characteristics, price anomalies, whale interactions, and fraud detection. The platform will be priced on a subscription-based model.
“Solscan is the front page of the Solana ecosystem, and they are building a very unique type of network effect. They have integrated many Solana protocols into the Solscan front end to deliver a better block explorer. Those protocol teams have in turn integrated Solscan as the flagship block explorer. The network effect is working, and Solscan is accelerating its growth,” said Kyle Samani, Managing Partner, Multicoin Capital.
Besides the financial support from investors in blockchain, Solscan will also leverage their connections to accelerate integrations and user adoption. The success of the seed funding round is a major milestone in the Singapore-based firm.
“I have known the Solscan team personally for over 5 years. It consists of committed and resourceful people, who were critical in bringing the project forward in the early stages of the Web3 development. Since then, I have felt the passion of the team and have been truly convinced of their ability to execute. Within Solana’s ecosystem, Solscan has established itself as an outstanding tool for Solana developers to generate Web3 products more effectively and efficiently. Solscan is undoubtedly an indispensable Swiss army knife on Solana,” said YY, Partner at Signum Capital.
“Solscan team comprises of seasoned blockchain engineering professionals and we were impressed by their thoughtful roadmap of API first on-chain visibility, analytics and Web3 integrations. We anticipate Solscan to be the primary gateway to track your on-chain activities”, said Saurabh Sharna, Partner and Crypto Lead at Jump Capital.
About Solscan
Solscan is a full-suite block explorer and data analytics platform focusing on the Solana ecosystem. It provides a vast range of data services for users, developers, and projects. To learn more, visit https://solscan.io/.
About Multicoin Capital
Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. As crypto networks and companies will create trillions of dollars of value over the next decade, a new way to invest is emerging. New tools, heuristics, and security measures are needed to responsibly invest in this ecosystem. We leverage our deep understanding of blockchain technology and crypto markets to deliver exceptional returns. For more information, visit: https://multicoin.capital.
About Electric Capital
Electric Capital is a venture firm that invests in cryptocurrencies, blockchain-based businesses, fintech companies, and marketplaces. We compile code, profile nodes, analyze blockchains and open source projects, help secure crypto networks, and write software to help portfolio companies understand their ecosystems. Our annual Developer Report is the industry standard for understanding the developer ecosystems across crypto networks. For more information, visit https://www.electriccapital.com/.
To learn more about Solscan, please visit https://solscan.io/.
Twitter: https://twitter.com/solscanofficial
Discord: discord.gg/H8FBqAR8bx
Contact name: Anh Nguyen
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108206
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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