The shareholders in Ibanera, a digital banking and payments company with a focus on embedded payments for Web3 platforms on Friday (March 10) finalised an $18.5 million funding round for themselves to enable them to keep supporting Ibanera’s business line BitLine.
Emerchantpay Limited is a European based payments company licensed by the Financial Conduct Authority in the United Kingdom, as the first outside investor, has reached an agreement for an $18.5 million capital investment in Ibanera at discounted valuation of $195 million.
“Ibanera’s DLT and subledger banking uses blockchain technologies to automate fiat ramping for web3 while removing the inherent risks financial institutions are typically exposed to when servicing digital asset businesses, said Michael Carbonara, CEO of Ibanera. (...)
“With the quickly changing market of digital assets, we’re thrilled to support Ibanera’s platform to be a leader in payments for digital assets and NFTs,” said Jonas Reynisson, founder and CEO of emerchantpay. “Crypto currencies are no longer for speculation by risky traders, but instead represent the transition of Web2 to Web3 environments that requires easy adoption for everyday consumers”.