SBI converts $15m to BRD funding

Jan 29, 2019 • Jack Hammond

The Credit Saison and OKWave-backed cryptocurrency wallet developer has collected $15m from SBI Crypto Investment to fund its expansion in Asia.

Switzerland-based mobile cryptocurrency wallet developer BRD has received $15m in series B funding from SBI Crypto Investment, a subsidiary of financial services firm SBI Holdings, according to TechCrunch.

Founded in 2015, BRD has developed a blockchain-based wallet that allows users to purchase Bitcoin, Ethereum and other digital currencies through credit cards, at a Bitcoin ATM or a convenience store, which can then be converted into Bitcoin cash or other tokens.

BRD has approximately 1.8 million users globally who are storing the…

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