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ConsenSys Invests 6.5 Mln in Fintech Startup DrumG Technologies

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  • Alex Dovbnya
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    The Blockchain startup ConsenSys, has put 6.5 mln into a fintech company DrumG Technologies. ConsenSys was the only investor in the first funding round

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Blockchain startup ConsenSys, spearheaded by Ethereum cofounder Joseph Lubin, has put 6.5 mln into a fintech company DrumG Technologies. According to the company’s press release, ConsenSys was the only investor in the first funding round. As a result of this partnership, Lubin will be on the company’s board of directors.

DrumG CEO Tim Grant, who formerly served as the head of R3's Lab and Research Center, is excited to join forces with such a big name in the industry as Lubin. At the same time, the ConsenSys states that DrumG, with its experience and “deep knowledge” of Blockchain, is a valuable addition to their broad portfolio.
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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