ChainCatcher news, cross-border remittance platform Kredete announced the completion of a $2.25 million seed round financing, led by BFF, with participation from well-known investment institutions such as Techstars, Tezos Foundation, Polymorphic Capital, Launch Africa, Neer Venture Partners, SDF, and DNA Fund.According to Web3 asset data platform RootData, Kredete is a financial platform dedicated to helping African immigrants build credit and send money home at low costs. Kredete uses stablecoins to significantly reduce transfer fees to less than one dollar.

ChainCatcher news, Blockchain Founders Fund announced that its BFF II fund has completed a $75 million fundraising and has ended fundraising, with investors including Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, GSR, LD Capital, Metavest Capital, and The Sandbox Chief Operating Officer Sebastien Borget, among others. The BFF II fund aims to support high-growth potential Web3 and blockchain startups in the Pre-Seed and Seed stages.Previously, ChainCatcher reported that Blockchain Founders Fund announced the First Close of the BFF II fund in January 2022 (the phase of fundraising has ended, but the amount raised may not have reached the hard cap). (Source link)

ChainCatcher news, public chain Koinos developer Koinos Group has completed a $500,000 seed round financing, led by Blockchain Founders Fund, with participation from Splinterlands. This round of financing will be used to develop a subscription product called Koinos Pro that helps developers build DApps.It is reported that Koinos Group was established in 2020, and its public chain Koinos aims to allow developers to build DApps using any programming language. (Source link)

Chain Catcher news, the Singapore-based crypto venture capital firm Blockchain Founders Fund (BFF) announced that Polygon has invested in the firm's second fund (Fund II). It is reported that BFF and Polygon have previously co-invested in several blockchain projects, including Splinterlands and Altered State Machine. (Source link)