Private Funding Round: Saros Raises $3.75 Million

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Solana based, DeFi firm Saros attracts potential investors and raises $3.75 million in a private funding round

Saros, a platform built on blockchain, after two weeks of announcing its super app launch the firm came up with another announcement that it was backed by Solana ventures and other major investors in raising $3.75 million through a private funding. The private fundraising activity witnesses an active participation from Spartan, GBV, Hashed, Arche Fund, Assym, Genblock, IF, K300, Kyros, Evernew, Cryptomind are a few from the list.

Super App: One Stop Platform

Saros optimally utilizes the recent funds in constructing Saros Super App, which is considered to be a non-custodial web3 application. This application is a single network which is simply a one stop solution for global payments, transactions and enables transfer of digital assets. Moreover, the same funds will help in progressing the application and assist its further expansion strategies. And this super app is scheduled to be launched by the first quarter of 2024.

Saros Comments!

Saros wrote in a blog post saying that, “The successful funding round and the imminent launch of new Saros products position us to accelerate growth, foster innovation, and build a more inclusive and accessible financial ecosystem for all. With the support of our investors, we are committed to reshaping the decentralized finance landscape and revolutionizing how users interact with digital assets.”

DeFi Firm Hereafter

Saros doesn’t stop here, as it further plans to launch SarosID [privacy-preserving digital solution]. It will help in aiding the adoption of Saros Super App services. This decentralized ID system delivers flawless access and better user engagement with Saros Super Application.