New Street Technologies Gets Seed Funding

New Street Technologies Pvt. Ltd, which builds and operates blockchain-enabled platforms for institutional clients in the financial services segment. It has raised $2 million (Rs 13.8 crore at current exchange rates) in a seed funding round led by impact investment firm Unitus Ventures.

The Bengaluru-based technology company said in a statement that other investors who participated in the round included Mohit Davar, chairman of trade body International Association of Money Transfer Networks, and other business leaders in the financial services sector.

Image Source: Google

New Street said it would use the fresh capital to expand its business to other geographies.

Viswanathan started New Street Technologies in 2017. He previously worked with financial services giant Citigroup for 18 years, where he served as managing director for global receivables and trade finance.

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