Ledger’s Growth Potential Confirmed

Ledger’s Growth Potential Confirmed

The French start-up Ledger is famous for their storage devices for securing virtual currencies. They are now leading a 75 million dollars Series C roundtable with venture capital funds including Korelya Capital and Draper Ventures. This investment should help them scale up their business and aim for more countries.

Ledger launched their digital wallet for crypto-currencies in 2014, enabling customers to securely be sent payments and manage their accounts. Their technology can be adapted for all crypto-currencies.

They started to make profit three years after launch, and are now overachieving their goals since they would have sold one million wallets last year –when they were only expecting to sell 50,000 units. These promising results concern the Nano S model: a small, USB-size safe allowing its users to store all their access keys.

Along with their new roundtable, they also unveiled a new offer for businesses: Ledger Vault. This service is meant for banks, financial institutions and other “hedge funds” to secure and manage crypto-assets (send/receive payments, monitor account balances).

Comments – Cutting-edge technology in a favourable context

Crypto-currencies’ ecosystems have been kindling investors’ curiosity, leading them to also bet on their development. Virtual currencies’ attractive prices have, indeed, led many investors to make profit, and some start-ups to become successful, i.e.: Coinbase and Ledger, for instance. Ledger relies on Bitcoin mostly, making it easier to buy and sell. Yet, investors have come to trust this start-up because they aim to secure all Blockchain-based exchanges. The technology they developed for their wallets could be ported to a certain number of connected objects, relevant in industrial contexts, for instance. Opportunities are then plenty for this company, and do not only depend on Bitcoin’s future.

Ledger raised 8.3 million euros since they were founded. This third roundtable should further increase the level of trust they already managed to ascertain.

Ledger also partnered with several international companies, including Intel and Ingenico, by way of implementing the tools they crafted to secure crypto-assets. They want to reach far, and claim they now have customers in more than 165 countries. They are hoping to grow their sales figures two-fold in 2018.

Related news

  • Payment
  • 12.10.2018

Eligma Launches a Cryptocurrency-Based Payment App

Eligma relies on next-generation technologies –such as the Blockchain and AI techs– to improve their users’ experience. As this AI-powered e-commerce platform keeps working on enhancing Web and mobile purchasing processes, they just introduced two ne...
  • Payment
  • Players’ Strategy
  • 02.03.2018

Crypto-Currencies: Circle Buys out Poloniex

The US FinTech Circle –whose list of shareholders includes Goldman Sachs– announces their buyout of token exchange specialist Poloniex. The terms of this transaction haven’t been disclosed, but it could be worth 400 million dollars. Circle intends to...
  • Loyalty
  • Payment
  • 18.12.2018

Crypto-Currencies: PayPal Rewards Employees with Tokens

FACTS The e-payment specialist PayPal introduces an internal Blockchain-based incentive for rewarding employees: tokens in exchange for contributing ideas and sending them through a dedicated platform for centralising innovative developments.
  • Payment
  • 26.04.2018

One-of-a-Kind Use Case for a DLT in Electric Car Charging

The market for electric vehicles is taking another “one big leap forward“, as the first autonomous charging station, where payments can be completed using a virtual currency, has been demoed. This new offer has been jointly designed by Elaad and IOTA...
  • Payment Card
  • Payment
  • 17.01.2018

A Display Card for Dynamics

At this year’s CES event, the US card manufacturer Dynamics and mobile carrier Sprint announced a partnership on crafting a new connected payment card. This display card with a built-in E-ink screen embeds a chip and an antenna. For this new product,...

En poursuivant votre navigation, vous acceptez le dépôt de cookies tiers destinés à améliorer votre expérience utilisateur.

J'accepte Non, en savoir plus