TenX Technologies, the Singapore-based cryptocurrency payment company has announced the successful closing of its seed round investment of USD $1 million. The $1 million will go towards growing the team to around 10 full employees to develop the TenX Web and mobile apps and create the final MVP of COMIT.
Among the investors is Fenbushi Capital with Bo Shen and Vitalik Buterin as General Partners. TenX also informed that the platform has become one of the first known to integrate Ether (ETH) payments directly into its debit card without any 3rd party provider. TenX also affirmed that DASH has been directly integrated as planned.
Finally, it was announced that professor David Lee Kuo Chuen from Singapore will be joining the firm as an adviser for additional mentorship.
TenX is a Singapore based FinTech company, supported by PayPal, focused on connecting private and public blockchains to a single large network called COMIT making any blockchain payment “usable in the real world and easier than sending a text message.”