Ant Financial: Joins $10 million funding round in Qedit

0
147
Ant Financial: Joins $10 million funding round in Qedit

Ant Financial: Has participated in a $10 million fund raise for blockchain-based data privacy startup Qedit

  • The funding comes as Qedit announces a partnership with VMware, Ant Financial, and re-insurance outfit RGAX
  • Qedit financial partners use the firm’s technology to calculate an accurate credit scoring based on private data
  • Ant Financial shares a common vision with Qedit to protect data privacy and security
  • Together with Qedit, Ant Financial committed to providing such capabilities as part of our blockchain services
  • Ant Financial’s mobile money arm Alipay last year launched a blockchain-based remittance product
  • Promising real-time funds transfers across key migrant corridors beginning with Hong Kong and the Philippines