Flourish has joined the Cambridge Blockchain Series A extension round announced today, alongside PayPal and Omidyar Network. With this investment, we aim to empower consumers to get more control over their digital identity information, while making it easier for financial institutions and other players to comply with Know Your Customer (KYC) and privacy regulations.
“We see tremendous upside on the solution created by Cambridge Blockchain,” said Kabir Kumar, director at Flourish, who led this investment. “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.”
Learn more about this announcement here.