The new financing enables Factom to further develop its a blockchain as-a-service (BaaS) technology for mortgages.
Factom, the Texas-based Blockchain as-a-service (BaaS) technology company that secures data via decentralization, has closed their Series A funding at $8,029,796 USD following the launch of its mortgage product, Factom Harmony.
“The Factom Harmony launch was such a resounding success that we extended the Series A round for additional investors,” said Peter Kirby, Co-founder & CEO of Factom. “We’re very appreciative of our early investors who doubled-down on their participation and the new investors who are helping us strategically extend our reach. Many highly intelligent people worked very hard to help us get to this point and we couldn’t have done it without them.”
Earlier during the Series A round, Factom closed $5,326,522 USD in funding from Draper Associates, Stewart Title, Overstock, Fenbushi Capital, and Plug & Play. Now, Peeli Ventures, Harvest Equity, and a number of local Austin,Texas investors added another $2,703,274 USD, closing out the Funding Round.
“Factom’s Harmony product creates a transformative approach for the compliance in the U.S. mortgage industry,” said Harry Qin, Managing Partner of Peeli Ventures. “It has great potential to impact the mortgage industry with increased transparency and immutable audit records.”
In an interview with Finance Magnates about his venture last year Kirby explained how blockchain-based transparent mortgages can restore the public trust in the market.
Factom, the Texas-based Blockchain as-a-service (BaaS) technology company that secures data via decentralization, has closed their Series A funding at $8,029,796 USD following the launch of its mortgage product, Factom Harmony.
“The Factom Harmony launch was such a resounding success that we extended the Series A round for additional investors,” said Peter Kirby, Co-founder & CEO of Factom. “We’re very appreciative of our early investors who doubled-down on their participation and the new investors who are helping us strategically extend our reach. Many highly intelligent people worked very hard to help us get to this point and we couldn’t have done it without them.”
Earlier during the Series A round, Factom closed $5,326,522 USD in funding from Draper Associates, Stewart Title, Overstock, Fenbushi Capital, and Plug & Play. Now, Peeli Ventures, Harvest Equity, and a number of local Austin,Texas investors added another $2,703,274 USD, closing out the Funding Round.
“Factom’s Harmony product creates a transformative approach for the compliance in the U.S. mortgage industry,” said Harry Qin, Managing Partner of Peeli Ventures. “It has great potential to impact the mortgage industry with increased transparency and immutable audit records.”
In an interview with Finance Magnates about his venture last year Kirby explained how blockchain-based transparent mortgages can restore the public trust in the market.
US Elections 2024 Countdown: Polymarket Bettors Push Harris Closer to Trump
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24