Crypto exchange Centurion Invest raises $25m from GEM Digital

Crypto exchange Centurion Invest raises $25m from GEM Digtial

Centurion Invest, a global ecosystem for financial and payment solutions, has received $25m in fresh funding through a structured token subscription agreement.

The capital was supplied by GEM Digital, a Bahamas-based digital asset investment firm that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Funds from the round will allow Centurion to bolster its global expansion efforts by enhancing its products and services. Capital has also been earmarked for onboarding experts and skilled talents across Europe, North America, Southeast Asia and Africa.

Centurion’s mission is to extend crypto and digital assets adoption to B2C and B2B users around the world.

Headquartered in Estonia, Centurion Invest allows users to buy, sell and trade cryptocurrency. It boasts a community of over 10 million users and over 300 different cryptos available to trade.

One of its features is the CIWallet, which allows users to build a portfolio, swap, stake, refer, manage the card and more. Its CIX is a global Visa debit card that has no annual fees and has low transaction fees, it claims. Users can track the spending of the card with real-time notifications, it can also be used with Apple Pay and Samsung Pay.

Centurion Invest operates in the Middle East, Africa, Europe, Canada, Southeast Asia and LatAm.

In other cryptocurrency news, crypto-native infrastructure platform Conduit raised $7m for its seed funding round. The deal was led by Paradigm, with commitments also coming from Robert Miller, Ludwig Pettersson, Dan Romero, Guillaume Poncin, Joshua Ma, and Lakshman Sankar.

Conduit provides the infrastructure to FinTechs, neobanks and exchanges to go-to-market with crypto-based products.

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