Bezant Raises Undisclosed Amount Of Funding from Korea Prepaid Card

Bezant Raises Undisclosed Amount Of Funding from Korea Prepaid Card

Investment News
August 13, 2019 Editor's Desk
271
Korea Prepaid Card has reportedly invested in Bezant, a Singapore-based company, making it the blockchain developer’s second largest shareholder. The details of the same were not disclosed in the announcement on the website. Ever since April this year, Bezant has been facilitating Blockchain-as-a-Service (BaaS) using the Hyperledger Fabric technology. It even holds a cryptocurrency of
Korea Prepaid Card Bezant

Korea Prepaid Card has reportedly invested in Bezant, a Singapore-based company, making it the blockchain developer’s second largest shareholder.

The details of the same were not disclosed in the announcement on the website.

Ever since April this year, Bezant has been facilitating Blockchain-as-a-Service (BaaS) using the Hyperledger Fabric technology. It even holds a cryptocurrency of its own called BZMT, which ranks 320thin the terms of capitalization at an amount of around $* million, per the information from CoinMarketCap. Bezant attained the fastest-growing ICO in the continent of Asia in 2018. It sold available tokens within an hour, as per a company release.

The company has also purportedly signed various partnerships. It is said to be working with a South Korean fintech called Hanjudo, a database management company called Chequer and Thailand’s Nova Learning. It is also working with Transwiz, which is a Thailand-based peer-to-peer lender. In June, Bezant announced in a press release that it will be integrating with Binance, while it started trading token on BinanceDEX on 7thJuly.

Korea Prepaid Card is an end-to-end encrypted solution provider for pre-paid cards and various such services, like pin-code cards, barcode-based coupons, vouchers, and virtual cards. It manages distribution, publishing, settlements, and payments, and has been building technology to integrate different participants in the value chain of pre-paid cards. Bezant has strong connections with South Korea already.

Its chief cryptocurrency officer is Daesik Kim. He is also the co-founder of a South Korean exchange, Bithumb, which is ranked 17th in the world by volume, as per the data from CoinMarketCap. The lead engineer of the company, JeyceJung, was previously a software developer lead at KakaoPay which specialized in the detection of fraud.

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