SG fintech chat app Consentium raises additional $10m within a month

Photo: Consentium website

Singapore-based fintech chat application Consentium has raised a total of $20 million after its latest round of private sale. The proceeds include the $10 million it had raised in March.

In an announcement on Tuesday, Consentium said it will use the funds to build its fintech chat app.

The company, which claims to be Asia’s first multi-digital currency and group monetisation chat app, allows peer-to-peer (P2P), multi-digital currency transfers between users. It also offers a transactional fee redistribution programme as an incentive to create and cultivate strong in-app communities.

The application’s token, Consentium Coins (CSM), are based on an Ethereum-based platform. During the next one year, it plans to roll out support for additional features, it said.

Last month, the company announced its partnership with security firm ThothTrust to manage the overall security for Consentium, mainly focused on wallet encryption methods. Through its Customizable Secure Cryptography (CSC) product, ThothTrust provides a consultation and customisation service to secure critical crypto assets.

Also Read:

Singapore fintech chat app Consentium raises $10m via ICO, launches in Asia

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India: Fintech startup Kaleidofin raises $2.8m led by Omidyar Network

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.