DeFi platform Xend Finance secures US$2m additional investment, partners with TechFusion Africa

NIGERIA – Xend Finance, a decentralised finance (DeFi) platform for credit unions and cooperatives, has topped up its funding round to US$2 million with additional investments from new investors, led by NGC Ventures and Hashkey. Meanwhile, Xend Finance has also announced a product integration and business partnership with TechFusion Africa, a Software as a Service (SaaS) provider in Africa. Xend Finance, which in 2019 took part in the Google Launchpad Africa accelerator and the Binance Incubation Programme, has developed a platform that gives everyone access to the global money market…

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Tech startup Xend Finance secures US$1.5M, launches first DeFi platform

NIGERIA – Xend Finance, a tech startup, has launched the first decentralised finance (DeFi) platform that allows users to save and invest in stable currencies in the global market without the need for a traditional middle man in the country. In addition, Xend has secured a US$1.5 million investment round from Binance Labs, Google Developers Launchpad, AU21 Capital, Ampifi VC, JUN Capital, TRG Capital, and Matic Co-founder, Sandeep Nailwal. In an official press release, Kenzi Wang, Partner at AU21 commends the Xend Finance team for building their network to infiltrate…

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