Cambridge Blockchain Receives Investment from PayPal

Cambridge Blockchain Receives Investment from PayPal

Cambridge Blockchain, a digital identity enterprise software provider, announced today that PayPal (NASDAQ: PYPL), Flourish, and Omidyar Network have joined its Series A extension funding round.

“We see tremendous upside on the solution created by Cambridge Blockchain,” said Kabir Kumar, director at Flourish and investment lead on this deal. “It allows consumers to get back control over how their data is shared, when, and with whom, while creating efficiency and reducing costs for financial services providers.”

Read the announcement here.

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