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BRD's cryptocurrency mobile wallet raised US $ 15 million in a Series B round sponsored by SBI Crypto Investment, according to a press release to Cointelegraph on Jan. 25.
SBI Crypto Investment, a Tokyo-based subsidiary of SBI Holdings, has contributed to the financing, which BRD says will help accelerate international expansion and expand its technology platform.
In the press release, BRD also announced the availability of cryptocurrency purchases via the use of SEPA credit transfers on the European market via a partnership with the coinify crypto-payment provider. In September 2018, the Abra crypto wallet also enabled SEPA bank accounts to be taken over.
Last week, SBI Holdings announced an undisclosed investment in cryptographic company Breadwinner AG, which is the developer of BRD's mobile cryptography portfolio. The press release indicates that BRD is available in more than 170 countries and has 1.8 million mobile users in total, with total funding of $ 55 million and $ 6 billion of badets held on its platform .
SBI Group is a Japan-based conglomerate, founded in 1999 and based on finance, which provides a wide range of financial services ranging from securities to banking and insurance.
SBI Holdings has previously invested in the field of cryptography, two investments made last year in LastRoots Cryptocurrency Exchange. The organization also opened its own cryptochange, VCTRADE, in July 2018.
In addition, last October, the SBI group and the Danish cryptographic services company Sepior ApS joined forces to collaborate on the development of an exclusive cryptographic portfolio.
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