Blockchain Startup Raises Funds From Bank: What Does This Mean for Blockchain Adoption?

Fluent, a blockchain-based financial operating network and payment platform built for large companies and their global supply chains, recently announced $875,000 in seed round funding led by Tim Draper, of Draper Associates and other notable investors like Thomson Reuters, 500 Startups, SixThirty, KSTC, Capital Innovators, Boost VC and UMB Financial Corporation. Fluent will use the funds to support infrastructure, to hire additional enterprise software and blockchain specialists and will continue to build partnerships with global enterprises and financial institutions.

With the injection of fresh funds, Fluent joins an exclusive group of blockchain technology companies that have received investment from a financial institution. One of the investors, UMB Bank with over $40 billion in assets under management, seeks ...

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