Monday March 01, 2021
Bitcoin (BTC) $48,525.00   Ether (ETH) $1,521.49
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Capital Raising

SOMA gets major funding from Business Finland to grow blockchain powered social marketplace

Published by CryptoNinjas.net
08/29/2018
SOMA gets major funding from Business Finland to grow blockchain powered social marketplace

SOMA, a decentralized platform that facilitates trade and social interaction powered by blockchain technology, today announced it has received round one funding from Business Finland, the most important public funding agency for research and innovation in Finland. The agency is directed by the Finnish Ministry of Employment and the Economy.

SOMA will receive €50,000 in round one, which lasts for two months. Business Finland will subsequently assess the company’s success in meeting predefined goals, among them the onboarding of retail and manufacturing partners for SOMA’s upcoming pilot program

Pending a successful round one, the company is eligible for €500k to €1 million in round two and €3 million to €20 million in round three.

“We are extremely proud Business Finland has selected SOMA, recognizing the promise and long-term value of our new social marketplace. This validates our next-generation blockchain-based e-commerce model, currently in preview on Android. These funds will help us accelerate our go-to-market strategy and meet our aggressive growth targets for the remainder of 2018 and into 2019.”

Jukka Hilmola, co-founder, and CEO at SOMA

SOMA is a peer-to-peer marketplace that utilizes blockchain technology to leverage social capital. The platform incentivizes users to engage in cooperative behavior using the platform’s tokenized rewarding system. Additionally, SOMA’s enterprise solution protects against forgeries and helps companies streamline processes and access data points never before available to them.

13
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blockchain powered social marketplace receives government funding, private investment
Capital Raising

Blockchain powered social marketplace receives government funding, private investment

04/23/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Komodo's AtomicDEX stress test proves success as a scalability solution

Komodo’s AtomicDEX proves success as a scalability solution with stress test complete

02/26/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Simplex's crypto on-ramp integrated into Opera web browser

Simplex’s crypto on-ramp integrated into Opera web browser

03/01/2021
Yield App launches new API with its first partner, hybrid liquidity aggregator Finxflo

Yield App launches new API with its first partner, hybrid liquidity aggregator Finxflo

03/01/2021
Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

03/01/2021
Oracle solution Umbrella Network launches successful IDO on Polkastarter

Oracle solution Umbrella Network launches successful IDO on Polkastarter

03/01/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version