Fintech developer Securrency raises $30 million, to expand in UAE

Securrency, which develops digital infrastructure for banks and other financial service providers, said on Monday it had raised $30 million it its latest funding round, valuing the company at around $110 million.

The Washington D.C.-based startup’s Chief Executive Dan Doney told Reuters proceeds would be used to produce blockchain-based infrastructure for investors like State Street and U.S. Bank, and roll out a mobile wallet and fund management platform.

It will also expand in the United Arab Emirates (UAE), where it already has an office, to provide financial services.

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Source: Fintech developer Securrency raises $30 million, to expand in UAE | Reuters