Mosdex, a Helsinki, Finland-based cryptocurrency arbitrage platform startup, raised $20m in funding.
The round was led by Evli Bank PLC with participation from the venture division of Lifeline Ventures, NordicNinja VC, Petteri Suorsa, Magnus Eskelinen and Jouni Väisänen.
The company intends to use the funds for:
- global expansion of its platform,
- purchasing other blockchain-based companies, as well as
- opening up offices in New York, Hong Kong, Singapore, London, Tokyo and Dubai.
Launched in 2022, Mosdex provides a platform designed to automate cryptocurrency arbitrage platforms for cryptocurrency exchanges, consumers and institutions. Developed by a group of developers with expertise in finance, machine learning, and blockchain engineering software, the solution allows users to easily conduct cryptocurrency arbitrage.
The company also plans to advance products, budgets, and derivative tools for the market.