Verady, a cryptocurrency accounting and audit platform, has closed a new round of funding led by early-stage venture capital firm TTV Capital.
Other contributions came from strategic partner Fenbushi Capital, and angel investor Pamela Joseph.
Capital from the round will be used to increase business operations for its Legible platform which supports the accounting, reporting, and verification of crypto assets.
Verady provides business customers and accounting professionals with a way to collate its digital assets into a single view to ease the management. Its tools include on-demand reporting for capital gains and losses, transaction downloads, OFX reports, exchange orders, and wallet balances.
The goal of the platform is to build a bridge between cryptocurrencies and traditional financial accounting.
TTV Capital partner Sean Banks said, “We believe that Verady’s Ledgible Platform for the accounting, verification and audit of crypto assets is a critically needed resource for the ecosystem and bridges the gap between blockchain assets and traditional financial reporting.”
FinTech Global recently reported TTV Capital has pulled in up to $87m for its fifth fundraise. The TTV Fund V has a target of $125m, which would make it slightly larger than its former fund which closed in 2017 on $93m.
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