TechFlow News — Cenoa, a blockchain-based fiat digital wallet, has raised $7 million in seed funding led by Quite Capital and Underscore, with participation from Human Capital, Ulu Ventures, Acrew Capital, and Collective Spark.
Cenoa plans to use the funds to expand into Latin America, Africa, Southeast Asia, and Europe, as well as for hiring. The company aims to provide users in emerging markets access to U.S. dollar-denominated financial products, and says its blockchain-based, non-custodial savings solution reduces branch overhead, intermediary fees, and other inefficiencies associated with traditional banking.Read more
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