A blockchain-based application to help organisations maintain and distribute authorised signatory lists, Cygnetise, has announced the completion of its £1m seed funding round.
Led by London-based VC, Calibrate Management, the raise sees Cygnetise’s total funding – since incorporation in May 2016 – reach £1.6m, aiming to help the company rapidly grow its sales and business development for national and international markets.
Stephen Pomfret, founder and CEO, said: “We wanted to create a simple application using blockchain to bring operational efficiencies, reduce risk and mitigate the opportunities for fraud from a mandatory paper based process.
“Our vision is that our product, the first UK-based corporate blockchain application,
Source/More: Cygnetise raises £1m funding to launch UK’s corporate blockchain platform | Bdaily