South African based multi-currency liquidity management startup has raised a $15m venture financing from Consensys.
The venture features a management team of banking and blockchain veterans. One of three co-founders, CEO Julio Faura, was founding chair of the Enterprise Ethereum Alliance and former head of blockchain at Santander. Edward Budd and Peter Munnings were the former chief digital officer at Deutsche Bank and former head of blockchain at FirstRand Bank in South Africa, respectively. Munnings also served as as the former ConsenSys lead on Project Khokha, an Ethereum-based project for processing interbank transactions more The company’s development unit also has ample blockchain experience. “We have an excellent technical team who have worked for many years on enterprise ethereum solutions with banks and regulators including project Ubin with the Monetary Authority of Singapore and Project Khokha with the South African Reserve Bank,” Munnings said.