5ire raises USD 100 million in Series A Funding at valuation USD 1.5 billion, turns unicorn SeaPRwire

5ire raises USD 100 million in Series A Funding at valuation USD 1.5 billion, turns unicorn

July 17, 2022
5ire has received funding from UK-based conglomerate SRAM & MRAM to become the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world.Brainchild of India-origin founders, Pratik Gauri and Prateek Dwivedi London, UK, July 17, 2022 – (SEAPRWire) – 5ire, a fifth generation level 1 blockchain network and the world’s first and only sustainable blockchain, today announced that it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM. This investment makes 5ire the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, valued at $1.5 billion. 5ire was founded by Indian-origin entrepreneurs, Pratik Gauri and Prateek Dwivedi, along with web3 financier Vilma Mattila, in August 2021. 5ire raised a funding of $21 million in its seed round at a valuation of $110 million with participation from both private and institutional investors like Alphabit, Marshland Capital, Launchpool Labs, Moonrock Capital, and amongst many other investors. The funds raised will be used for business expansion and extending 5ire’s footprint across three continents including Asia, North America and Europe, with India as the hub of operations and core area of focus. 5ire will continue to invest in strengthening its blockchain further and work towards ensuring this decentralised technology benefits a larger base globally. Additionally, 5ire aims to hire the best talent in the industry across functions like product, engineering, marketing etc. Speaking on the occasion, Dr Sailesh Lachu Hiranandani, Chairman of the SRAM & MRAM group, said, “We have great confidence in moving forward with investments in sustainable technologies. As a scientist, I have always believed in finding better ways to do things, and 5ire is committed to finding solutions for the 17 UN Sustainability Development Goals. We are assured in the abilities of the leadership team at 5ire and wish them all the very best.” Pratik Gauri, CEO and Founder of 5ire said, “We are on a mission to embed sustainability into blockchain and shift the current paradigm from ‘for-profit’ to ‘for-benefit’. The 5ire team has worked round-the-clock to develop a platform that combines both technology and processes for the benefit of humankind. Becoming the world’s first and only sustainable unicorn born out of India, in just 11 months, is testimony that we are on the right path. We are humbled by the trust shown in 5ire by the SRAM & MRAM group and thrilled to find a partner who also wants to promote the transition of the world from the 4th Industrial Revolution to the 5th Industrial Revolution.” 5ire is a blockchain ecosystem that brings forth Sustainability, Technology & Innovation to build the 5th industrial revolution (5IR). The mission of the 5ire ecosystem is to embed the for-benefit paradigm at the heart of blockchain, by highly incentivizing practices that align with the United Nations Sustainable Development Goals (SDGs), therefore facilitating the transition from the 4IR to 5IR. 5ire empowers decentralized autonomous organizations (DAOs) and working groups to help accelerate the implementation of the UN’s 17 SDG goals. It assures openness, unity of purpose, and inclusivity. Thus, shaping the ethics of business and collaborations toward sustainability while providing a cross-chain environment as well as advanced governance and rewarding mechanisms for participants. About 5ire 5ire is a blockchain ecosystem that focuses on sustainability, technology and innovation to build the 5th industrial revolution (5IR). Founded by blockchain proponents Pratik Gauri, Prateek Dwivedi and Vilma Mattila in August 2021, the missions of the 5ire ecosystem are to embed a for-benefit paradigm at the heart of blockchain, highly incentivise practices that align with the United Nations Sustainable Development Goals (SDGs), facilitate the transition from the 4IR to 5IR, and accelerate the implementation of the UN 2030 Agenda for Sustainable Development. The company’s primary offering is 5ireChain, a first layer, sustainability-driven 5th generation blockchain that ensures adherence to the philosophy of 5IR, creating a net positive impact on the planet and service humanity. For further information, visit its website at https://www.5ire.org. About SRAM & MRAM Group SRAM & MRAM Group is the brainchild of Dr. Sailesh Lachu Hiranandani, and founded in 1995. Chairman Dr.Sailesh Lachu Hiranandani, holds a Ph.D in Financial Management from UK , is a visionary with a steadfast background in Financial and Risk management in Hedge Funds and Forex Managements. His career started with commodity trading in India and Cambodia and gradually entered FX hedging and rollovers from Tokyo, Hongkong and Singapore. During this time, the world currency markets were rapidly fluctuating and he wanted a reliable system to manage the USD against GBP, EURO and JPY. This led to his acquiring considerable skills in both Financial and the Information Technology market. Assisted by an able team of Information Technology and Forex associates, he set up what is today, after two decades, a global conglomerate with 8 international alliances, 10 companies,5 continents, 35+ locations, 300+ employees with a sales turnaround of USD 800 Million (FY 2017-2018). The corporation is headquartered in Edinburgh, United Kingdom with branch offices in Cambodia, South Africa, Indonesia, Malaysia, Bahrain, Georgia, India and Bangladesh. For further information, please visit https://srammram.com. Social Links Twitter: https://twitter.com/5ireChain Telegram: https://telegram.me/OfficialFireChain GitHub: https://github.com/5ire-org Discord: https://discord.com/invite/5ire Media Contact Brand: 5ire Contact: Media team E-mail: contact@5ire.org Website: https://www.5ire.org SOURCE: 5ire The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Blockpass and BlockOn Capital Partner over India Blockchain Week ACN Newswire

Blockpass and BlockOn Capital Partner over India Blockchain Week

July 15, 2022
HONG KONG, Jul 15, 2022 - (ACN Newswire via SEAPRWire.com) - Blockpass, the Safe Network for Crypto, is announcing a partnership with BlockOn, the worldwide blockchain venture builder & firm. As part of this move, Blockpass will provide information, updates and coverage of BlockOn's events, and BlockOn has invited Blockpass to speak at its India Blockchain Week (IBW - https://www.inblockchainweek.com/ ) event, which covers a whole host of themes from NFTs to Governments to Start-Ups over its 7 days.BlockOn incubates and accelerates projects which promote a better ecosystem for cryptocurrency and blockchain companies by leveraging its network, infrastructure, visibility and funds. BlockOn guides innovators in the development of their ideas and road maps, accelerates their development and customer acquisition efforts, connects with and secures investment and partnerships, and gains visibility through online and in-person community building efforts. In addition it also hosts blockchain events in the ASEAN region and beyond. Through its efforts, BlockOn is committed to revolutionizing the world and professionalizing the blockchain space.Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users. Currently with more than one million verified user identity profiles, Blockpass facilitates instant onboarding, and thousands of companies have taken advantage of this opportunity to get access to users with reusable digital identity profiles."Working with those who set out to help others is always rewarding, so partnering with BlockOn is a real pleasure for us." said Blockpass CEO Adam Vaziri. "It's been a tough couple of years for events thanks to COVID, but now things are beginning to return we're delighted to be invited to such a significant event as IBW to speak about Blockpass and the importance of regulatory compliance.""BlockOn is a pioneer in the crypto and blockchain space since 2017 when Bitcoin was not forked. Basic KYC & AML standards were never discussed at Crypto Conferences. Blockpass has a SaaS solution that requires no integration and no setup cost to start verifying and onboarding users. Government Agencies in India will be happy to see Blockpass which can help regulators to see advanced compliance standards in the crypto industry," said Siddharth Pandya, Head of Partnerships at BlockOn.Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations have led to a surge in interest for Blockpass' On-chain KYC(TM) solution which promises to change the way blockchains enable compliance. Through its recent work with Animoca Brands, Blockpass is developing the ability to provide KYC where the delivery of the verification result is provably sent and shown on a blockchain without sharing the underlying data. This represents a significant step towards the future Blockpass hopes to bring about where identity verification can be proved without revealing any personal information at all.About BlockpassBlockpass is "the Safe Network for Crypto", with millions of crypto enthusiasts who are pre-verified through bank-grade KYC/AML and who can reshare their profile with a single click. Existing and new Blockpass users are verified by the fastest, cheapest, fully stacked KYC/AML technology in the crypto sector and provided with Blockpass' unique product balance of user-centric data security and KYC profile reusability. Blockpass' network is essentially a highly dynamic permissioned decentralized database of known users, with financial incentives for stakeholders and users to improve and continually maintain data with users' permissions. Other innovative features include crypto ownership proof for FATF Travel Rule compliance, an activity-driven reputation system, "clean crypto" - the whitelisting and blacklisting of crypto wallet addresses, as well as mitigation against bots and fraudulent identities. In 2021, Blockpass introduced its On-chain KYC(TM) solution that enables customers to access zero-knowledge verification of users so they can access probably completed verifications and adhere to standards without seeing the underpinning data. In 2022, Animoca Brands and Yuga Labs were the first to utilize On-chain KYC(TM), verifying over 150,000 users in the $320 million Otherside NFT sale - the largest to date in Crypto sector history. The Blockpass App is available from the App Store and Google Play.For more information and updates, please visit and sign up to the following:Website: http://www.blockpass.orgEmail: sales@blockpass.orgAbout BlockOn CapitalBlockOn Capital is a worldwide blockchain venture builder/ VC firm providing acceleration and advisory support to global innovators in blockchain and emerging technology. BlockOn Capital helps innovators from seed to deal, guiding innovators in the evolution of their idea and road maps, accelerating their development and customer acquisition efforts, connecting them with secure investment and partnerships in order to help them gain visibility through online and in-person community building efforts. In addition to their client services, they are the premiere hosts of the most impactful blockchain events in the ASEAN region and beyond. They are committed to revolutionizing and professionalizing the blockchain world. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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SEAPRWire Releases Report on ‘How Blockchain Improving the Efficiency of AI and Machine Learning’ SeaPRwire

SEAPRWire Releases Report on ‘How Blockchain Improving the Efficiency of AI and Machine Learning’

July 4, 2022
Hong Kong – SEAPRWire, one of the leading press release distribution and market research companies, has released a report on ‘How Blockchain Improving the Efficiency of AI and Machine Learning’. AI, Machine Learning, and Blockchain technologies have boosted the all sectors. The main aim of the financial sector has been to provide customer-centric solutions. User experience is a critical parameter, and for the new generation of customers, speed and ease of access without compromising security are essential. This generation loathes going to the bank, filling out documents, printing, and signing them. The main aim will be entirely automating the financial processes and getting rid of manual processes completely. They have enabled companies to process a huge amount of data set and reach conclusions due to their ability to analyze real-time patterns, helping with quick decision-making. They are improving the effectiveness and at the same time working efficiently. This has made different processes in banking time saving and also cost-effective. New technologies increase employee productivity by 40~50% in many industries. Blockchain is frequently used in connection to cryptocurrencies. However, the banking industry is also implementing it for the improvement of workflow dynamics. Blockchain technology will provide a highly secure transaction on both ends. This will be greatly helpful to prevent fraud and help in easy compliance of audits and regulatory requirements. With the help of blockchain & defi transfers, payments and investments can become faster and error-free. It is said that blockchain will impact the packaging sector with the highest intensity in the year 2022. Needless to say, blockchain and the security it provides are here to stay. According to SEAPRWire‘s view, new technologies have reduced human defaults and made transactions safer, all for a better customer experience. By 2030, financial agencies will be able to reduce costs by 20~30% saving trillions. Many Fin-Tech firms are continuously researching the areas of AI that will be helpful for banks and their fraud detection processes, customer service, credit service and loan decisions. In addition, the e-shopping market has substantially increased in the last two years; there is a high demand for hassle-free digital payment options. Therefore, a majority of the e-shopping players have collaborated with Fin-Tech firms to create custom gateways and portals to ensure that the customers do not leave the site due to payment options. The smooth check-out process has become a crucial part of e-shopping sales as methods for a swift and effective payment process are essential to enhance conversion rates. According to a recent study, there is an increase of 5% in the global cross-border payment flow. Because of e-shopping, international transactions offer enormous growth potential for even small businesses as most people expect easy and simple payment solutions. About SEAPRWire SEAPRWire offers marketing research reports on industry trends, especially in AI, Cloud Computing, AR/VR, Big Data, NFT, Cryptocurrency, and DeFi fields. It offers customers with real-time visibility, transparency, and traceable through the tracking of the project’s database throughout the complete lifecycle of a researching project all on an immutable ledger with continuous insights. The customers served by SEAPRWire are mainly technology and financial enterprises in East Asia, Southeast Asia and Greater China (Mainland China, Hong Kong, Taiwan). SEAPRWire’s PR distribution and Market Reports support multiple languages, including: English, Simplified Chinese, Traditional Chinese, Japanese, Korean, Vietnamese, Thai, Malaysian, Indonesian, and Filipino. Media Contact Brand: SEAPRWire Contact: Media team Email: cs@seaprwire.com Website: https://www.SEAPRWire.com SOURCE: SEAPRWire
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