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

925
ADVERTISEMENTSToken Agency
Blockchain Expo North America 2019
global

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:

advertisementToken Agency

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 and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

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.

Visit Website
View All Articles
advertisements Blockchain Partners


Token Agency
global
Tymlez
Blockchain Expo North America 2019

This site uses Akismet to reduce spam. Learn how your comment data is processed.