Cenoa, a blockchain-based non-custodial digital wallet, has completed a $7 million financing round, led by Quite Capital and Underscore, with participation from Human Capital, Ulu Ventures, Acrew Capital and Collective Spark. It is reported that Cenoa will use this round of financing to expand into Latin America, Africa, Southeast Asia and Europe, as well as recruit.
Cenoa aims to provide emerging market users with access to U.S. dollar products, and claims that its non-custodial savings solution based on blockchain technology reduces branch costs, intermediary fees and other inefficiencies in traditional banking. (Tech Funding News)
