Agora Innovation, a Frankfurt, Germany-based blockchain powered fintech startup, raised €750k in funding.
High-Tech Gründerfonds made the investment.
The company is using the funds to expand the team, especially for product development, to partner with additional law firms, identity providers, exchanges and to accelerate its market entry.
Founded in 2017 by Phong Dao, Evgeny Matershev and Robert Malec, Agora Innovation develops the platform-independent software solution IVE (Identity Verification Engine), which enables regulated and legally compliant security token transactions in different countries by linking digital identities with anonymous cryptowallets. The company also offers various complementary services in the area of Crypto Currencies, Smart Contracts and Blockchain.