Chain Catcher News, the crypto financial management platform Nilos announced the completion of a $5.2 million financing round, led by Viola Ventures and Fabric Ventures, with participation from Mensch Capital Partners, The Sandbox co-founder Sebastien Borget, and former Deputy CEO of French banking giant Société Générale. The funds from this round will be used to expand new customer acquisition and increase R&D efforts, as well as to establish sales and marketing teams.Nilos stated that an increasing number of Web2 companies are expanding into Web3 business, requiring them to manage both fiat and cryptocurrency in their financial operations. The complexity of financial management can lead to a series of compliance issues for businesses, and Nilos aims to create a unified platform to help companies manage their cryptocurrency and fiat financial matters, while also monitoring suspicious fund sources in accordance with anti-money laundering requirements. (The Block)