Polish Blockchain Company Billon Group Raises $2 million in Funding Round

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Blockchain company Billon Group has announced the successful closing of its first round of funding, collecting $2 million out of a collective of UK investors. The new injection brings total funding for the company to $5 million.

According to a report in IBS Intelligence:

Billon aims to provide secure and regulated environments for electronic currency transfers whilst being fully compliant with KYC and AML procedures. Payments on the network can be sent to accounts and smartphones via “a simple, instantaneous, scalable and low cost format.” It sees the funding as a “strong vote of confidence” for blockchain-based solutions. Billon started live operations in Poland last year.

“We are very pleased that investors have responded as they have towards Billon Group’s fundraising,” says Andrzej Horoszczak, CEO and Founder of Billon Group. “Billon Group’s Polish technology centre has one of the strongest blockchain teams worldwide, and we are well poised to continue to be a first mover in true e-money distributed ledger solutions.”

According to a report in the Polish press, Billon was accepted by the Financial Conduct Authority, the British financial supervisory authority, on a shortlist of companies that will be able to test their ideas in a so-called regulatory sandbox. The Polish startup was picked to participate along with eighteen other financial players – such as HSBC and Lloyds.

For an indepth piece on Billon see our report here at Blockchain News.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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