Bezant, a decentralised payment platform, has received an undisclosed six-figure strategic investment from Bibox Exchange, a digital token trading platform.
The company is a payment protocol to support fast and secure cross-border digital payments with cryptocurrencies. Its solution aggregates hundreds of payment methods from around the world and lets users pay or receive funds for services globally.
Last month, Bezant hit the $16.8m pre-sale sale target within the opening hours of its token sale. The company added an additional set of tokens, which then sold out within five minutes, pulling in $4m.
Due to the success of the pre-sale, the company cancelled plans for a main token sale in order to focus on strategic investors that could bring the company experience as well as capital.
Bezant chief strategy officer Oh Thongsrinoon said, “We look forward to our partnership with Bibox as they will provide us with tremendous insight and value beyond monetary investment. Their guidance will help us grow Bezant into a company at the leading edge of both the blockchain and content platform industries.
“In this fast-growing space, it is important to have strategic partners that you trust to build off their experience and innovate in ways that neither company could do on their own.”
Last year, there was a total of $855m deployed to cryptocurrency startups around the world, according to data by FinTech Global. North America held the lion share for investments, picking up 63 per cent of the total capital deployed.
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