Shiba Inu Raises $12M From Institutional Investors

Hi NoRamp Community,

Daily News:

1) Square Enix To Develo NFT Game With Animoca Brands

2) Robert F. Kennedy Jr. Vows to Put the U.S. Budget on the Blockchain

3) Shiba Inu Raises $12M From Institutional Investors

4) Payflows Raises $26 Million for All-In-One Finance Platform

5) Pomelo Lands $35M Series A

Square Enix To Develo NFT Game With Animoca Brands:

• Square Enix has partnered with Animoca Brands Japan to enhance marketing and global expansion efforts for the game "Symbiogenesis" and its collection of 10,000 Ethereum NFTs, which players use as avatars in a PC narrative adventure set in a devastated high fantasy world.

• Animoca Brands Japan will contribute its expertise in NFT sales, promotion of Japanese products overseas, and leverage its existing portfolio companies to support the game, which will feature on Animoca’s upcoming NFT launchpad with Ethereum and Polygon support this summer.

• This collaboration continues Square Enix's involvement in blockchain gaming, following previous initiatives such as investing in NFT game "The Sandbox," launching Final Fantasy VII-based NFTs, and investing in gaming platforms like Zebedee.

Robert F. Kennedy Jr. Vows to Put the U.S. Budget on the Blockchain:

• Independent presidential candidate Robert F. Kennedy Jr. has proposed to place the entire U.S. federal budget on blockchain to increase transparency and allow public real-time access to budget details, advocating for accountability in government spending.

• Kennedy, who accepts campaign donations in bitcoin and supports backing the U.S. dollar with bitcoin, has opposed the creation of a central bank digital currency (CBDC), aligning with some Republican views though he runs as an independent.

• As Kennedy aims to be seen as the pro-cryptocurrency candidate in the upcoming election, he has received strong support from the crypto advocacy group Stand With Crypto, contrasting with the varied stances of his opponents, President Biden and former President Trump.

  

  Source: Cointelegraph

Shiba Inu Raises $12M From Institutional Investors:

• The Shiba Inu meme coin project successfully raised $12 million through a private sale of its upcoming TREAT utility and governance token, with notable investors including Comma 3 Ventures, Cypher Capital, and Animoca Brands, aiming to expand its network and capabilities.

• The TREAT token will support Shiba Inu's new blockchain that features Fully Homomorphic Encryption (FHE), enhancing privacy for applications such as encrypted lending platforms and tokenized asset exchanges.

• Shiba Inu continues to grow, marked by a 164% increase in value over the past year, the launch of .shib domains for tokenholders, and over 1 million users on its Shibarium layer-2 scaling solution.

Payflows Raises $26 Million for All-In-One Finance Platform:

• French FinTech company Payflows has raised $26 million for its comprehensive platform designed to liberate finance teams from manual tasks, integrating modules for procurement, payments, cash management, and cash collection.

• The platform aims to modernize and secure finance operations by reducing reliance on paper-based, manual processes prone to errors and fraud, as highlighted by the increasing adoption of accounts payable (AP) automation which can automate 75% of manual steps.

• Payflows is acknowledged for its potential to enhance financial stability and innovation within companies, helping CFOs navigate economic uncertainties by optimizing and automating financial processes to unlock liquidity and drive value creation.

Pomelo Lands $35M Series A:

• Pomelo, a startup merging international money transfers with credit, secured $35 million in a Series A funding round led by Vy Capital and announced a $75 million expansion of its warehouse facility, bringing its total funds raised to significant amounts.

• The company has introduced a novel "send now, pay later" model through a partnership with Mastercard, aiming to transform traditional remittance by allowing U.S. users to send money to the Philippines using credit, which also helps build their credit history.

• Pomelo plans to use the new capital for product and market expansion, targeting Mexico next, as the company seeks to innovate in the cross-border payments market, which is poised for substantial growth.

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