Finboot, a London-based enterprise blockchain technology group, has secured a £2.4 million equity investment.
Various investors, including the Development Bank of Wales, the multi-energy company Repsol, through its private equity investment fund Repsol Corporate Venturing, and New Look founder Tom Singh, backed the company.
The funding will be used to set up Cardiff operations and create a number of jobs there.
Offers blockchain applications and middleware solutions
Established in 2016 with operations in the UK and Spain, Finboot is the SaaS company behind MARCO, a suite of blockchain applications and middleware solutions that unlock blockchain capabilities for enterprises.
Building on top of any of the multiple blockchain frameworks, MARCO transforms complex and emerging blockchain technology into easy-to-use, quick-to-deploy, bespoke track-and-trace applications.
At present, it is used in various industries, including Oil & Energy, Chemicals, Retail, Automotive, Travel & Tourism, and Healthcare.
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