Announced
Completed
Financials
Sources
Tags
Friendly
Acquisition
Private Equity
Domestic
Venture Capital
Single Bidder
FinTech
blockchain software
United Kingdom
Completed
Minority
Private
fintech
Synopsis
SRAM & MRAM, a conglomerate, led a $100m round in 5ire, a blockchain network. "The Far East is very proactive and keen on adopting blockchain, like Malaysian Immigration and The Health Card app. We feel entry into the market with a layer 1 partner which is sustainable is ideal and 5ire being a sustainable blockchain is perfect for us. This will benefit our group to communicate on blocks as we deal with various countries and have offices in over 8 countries," Sailesh Hiranandani, Sram & Mram Founder and Chairman.
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