Copy link
Increase text size
Decrease text size
Link copied

NEM Ventures invests in crypto savings platform Vimba

Tue, 05 Mar 2019, 09:10 am UTC

NEM Ventures, the venture capital and investment arm of the NEM blockchain ecosystem, has made its first portfolio investment in Vimba, a New Zealand-based crypto savings platform.

Formerly MyBitcoinSaver, Vimba was founded in 2014 and aims to provide investors with the opportunity to engage with crypto assets in regular, automated intervals and in smaller increments. It acts as a gateway for a large retail base to access and benefit from the crypto ecosystem. The platform allows customers to invest in increments of crypto as small as $10 up to $2000 NZD in a four-week period.

"This investment recognises the vision and value of Vimba in providing an on-ramp to fiat for the NEM community, and we are proud to be helping such a forward-thinking project scale sustainably,” Dave Hodgson, Director and Co-founder of NEM Ventures said.

“Vimba’s services are the beginning of a larger vision to build a crypto-first banking model, which could offer all the services expected of a fiat bank, encompassing earning interest on savings, collateralized debt, stable coins, and loans. We look forward to seeing what the project achieves in 2019.”

Last year, Vimba’s platform was successfully launched in the UK. According to the official release, Vimba intends to use the fresh funding to drive expansion to several more regions over the coming months, including Australia, Ireland, The Netherlands, and Germany.

“NEM is a quality, community-driven project, run by a passionate group of experts looking to improve the ecosystem and amplify the positive impacts of blockchain technology. This ethos speaks volumes to Vimba, and this collaboration will help us to expand into new regions and develop the platform further, providing a safe and trusted gateway to the new economy to everyday users, all over the world,” Sam Blackmore, Founder, and CEO of Vimba said.

With the assistance of Binance, Vimba is in the final stages of adding XEM to its platform and is planning to launch in the UK and NZ by the end of the second quarter.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,727.48 (-0.65%)
  • Ethereum (ETH) $229.30 (+1.19%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $317.96 (-0.11%)
  • Bitcoin SV (BSV) $218.11 (-2.03%)
  • Bitcoin (BTC) $8,727.48 (-0.65%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft