TechFlow reports, according to Contxto, Brazilian cryptocurrency anti-fraud company Vaas has announced the completion of a Pre-Seed funding round totaling 10 million Brazilian reais (approximately $2 million USD). The round was led by ABSeed, with participation from Fuse Capital and Honey Island, a fund under 4UM. The solution launched by Vaas enables tracking the complete asset history within cryptocurrency wallets and identifying unusual or suspicious transactions. The new funds will be used to develop new products and expand operations into traditional financial sectors such as banking.
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