Imtokan, Blockchain tech startup and crypto wallet developer, announced today that it has raised 30 30 million in Series B funding led by Kimming Venture Partners. Participants included investor IDG Capital, and new backers Brayer Capital, Hashke, Signum Capital, Lolling Capital, SNZ, and Liang Xinjun, co-founder of Foson International.
Founded in 2016, the startup’s last funding announcement was in May 2018 for its ਜੀ 10 million IDG-led Series A. Imtoken says it now has 12 million users in its wallet for Ethereum, Bitcoin and other cryptocurrencies, and currently has assets of over $ 50 billion. Stores on its platform & # 39; s total transaction value is over 500 500 billion.
The company was launched in Hangzhou, China, before moving its current headquarters to Singapore, and about 70% of its customers are in mainland China, followed by markets, including South Korea, the United States and Southeast Asia.
ImToken will use its new state-of-the-art funding to build features for “imToken 3.0”. This will include a set of keyless accounts, account recovery and decentralized financial services. It also plans to expand its research arm for blockchain technology, called Imtokon Labs and Open Offices in other countries. It currently has a team of 78 people based in mainland China, the United States and Singapore, and hopes to increase its title to 100 this year.
“Over the next 10 to 20 years, blockchain will revolutionize the financial industry globally,” said Dwayne Kwang, Founding Manager of Kimming Venture Partners, in a press statement. We believe that Imtocon is driving this trend, and has established itself strongly in the marketplace. ”