Nilos Has Raised $5.2 Million To Empower The Payouts Platform

According to the latest announcement from Nilos, the investment fund is included Mensch Capital Partners, Sebastien Borget (The Sandbox co-founder), and Société Générale (former deputy CEO of French banking).

The one-stop shop to manage your finances

This is the ambition of Nilos as this company offers the solution to connect all crypto wallets, fiat company accounts, and service providers in one place for a better payment experience and management. It means that all user’s tracking data such as money flows, incomes and payments can be controlled on one dashboard and processed directly.

This product also allows crypto to be transferred to fiat currency. Users will have reports on these data for tracking. Moreover, users also trace any suspicious sources based on the AML verification procedure.

The Nilos team is solving a huge gap, bridging financial and treasury services for both web2 and web3 companies who are looking to embed on-chain revenues with their fiat operations in a seamless, compliant and secure way. – said the Omry Ben David from Viola Ventures.

The project also aims to empower other traditional companies that want to put their toes into cryptocurrencies. They just use the Nilos application to manage their crypto and fiat accounts.

Nilos has received many positive feedbacks when it has solved the problems of connecting two separate financial systems with just one app. This complicated solution is based on Web3 Infrastructure. Nilos has a strategy to use the funding to expand its market, invest in R&D and enhance the Marketing and Sales team to get more clients.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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