ConsenSys Invests 6.5 Mln in Fintech Startup DrumG Technologies

  • Alex Dovbnya
    📰 News

    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


ConsenSys Invests 6.5 Mln in Fintech Startup DrumG Technologies

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.
 

Cover image via u.today
Subscribe to the official U.Today Telegram channel. Get news first!

About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings