Brazilian financial technology company CloudWalk said on Wednesday it was valued at US$2.15 billion after a funding round led by Coatue, an investment firm focused on companies in the technology, media and telecommunications space.
The company, whose platform integrates blockchain and artificial intelligence, said the US$150 million round also saw participation from investment firms DST Global, A-Star, The Hive Brazil, Plug and Play Ventures as well as Valor Capital Group.Gokul Rajaram, an angel investor who sits on the boards of Coinbase Global Inc and Pinterest Inc, and footballers Larry Fitzgerald and Kelvin Beachum also participated in the round.
"As the global payments market rapidly evolves, we believe that blockchain will soon become the dominant source for all future payment processes," said Luis Silva, founder and chief executive officer.