- Thai payments startup Omise plans to raise up to US$16 million by allowing investors to use ether, the digital currency of blockchain technology Ethereum. The fundraising starts from May.
- Investors will be able to use ether to buy tokens, which will give them a share of transaction revenue generated by their upcoming blockchain-based payments platform Omise Go.
- This novel method of crowdfunding, called a crowdsale, is often used by cryptocurrency companies.
- Omise’s previous fundraising effort was a more traditional US$17.5 million series B round.
Source: Bloomberg
First Bite is an experimental format where we bring you essential, bite-sized tech news and analysis. Like or dislike? Drop your feedback in the comments section below.
This post Thai payments startup Omise to raise funding using digital coins appeared first on Tech in Asia.