Blockchain Technology Startup Coinfirm Secures $700,000 In VC Funding

Coinfirm, a London-based blockchain technology company focused on compliance as a service, has secured a $700,000 investment from Luma Ventures, a venture capital firm, and has opened its current round to other investors.

Coinfirm has positioned itself to be a player in the blockchain ecosystem and regulatory technology, having launched a hub in Central Europe for development and research of distrbuted ledger technology.

AML Risk And Compliance

Coinfirm’s AML risk and compliance platform streamlines the compliance process using big data analysis and machine learning, addressing a major roadblock in cryptocurrency and blockchain adoption. Coinfirm’s platform reduces costs and time and improves efficiency. Clients and partners include Bisnode and Dash.

Coinfirm marks Luma Ventures’ expansion into the blockchain technology space. While not widely known in the U.S. or U.K., Luma Ventures has more than $1.1 billion in transactions.

With its development operations and blockchain lab based in Warsaw, Poland, Coinfirm gains an institutional investor that can contribute on a regional and international level.

“We’re growing at a very fast rate and need to scale up quickly to continue

Read more ... source: CryptoCoinsNews

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