ConsenSys Invests 6.5 Mln in Fintech Startup DrumG Technologies

  • {{ content.field_content_author|field_value|getauthorname|raw }}

    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

Cover image via U.Today

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.
 

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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.

Recommended articles
$63.5 Mln in ETH Sent Between Unknown Wallets as Crypto Investors’ Interest Rises

$63.5 Mln in ETH Sent Between Unknown Wallets as Crypto Investors’ Interest Rises

EOS and Tron (TRX) Remain Top Coins in Chinese Crypto Rankings. What About BTC and ETH?

EOS and Tron (TRX) Remain Top Coins in Chinese Crypto Rankings. What About BTC and ETH?

Ripple’s Dev Platform Plans to Work with Ethereum (ETH): Reasons

Ripple’s Dev Platform Plans to Work with Ethereum (ETH): Reasons