Australia: HCash raises $40.4m in ICO; De.mem raises $1.91m

Night view of Darling Harbour in Sydney, Australia.

HCash has raised $40.4 million in funding through its ICO, while ASX-listed De.mem Limited has raised $1.91 million in a placement to investors from Singapore and Australia.

HCash raises $40.4m in ICO

Australian fintech startup HCash, which is backed by Melbourne-based investment firm Collinstar Capital, has raised 21,000 Bitcoin, equivalent to A$52.89 million ($40.4 million), in what is Australia’s largest initial coin offering (ICO) to date.

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