Cayman Islands-based fintech platform KABINET has secured $10 million in seed funding to deliver a neobank-style experience. The round was led by HSG (HongShan Capital Group) and Peak XV Partners, with high-profile angels and partners of DST Global and Goodwater Capital also joining. KABINET offers payment cards and USD-denominated accounts to users in over 150 countries and plans to launch savings and remittance products.
The company has seen strong early traction in user adoption and revenue since its launch.
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<p>The post Cayman Islands Fintech Startup Raises $10M Seed Funding to Revolutionize Global Banking with Stablecoins first appeared on CoinBuzzFeed.</p>