Bazaars, a Dubai, UAE-based peer-to-peer marketplace for cryptocommerce, secured seed funding valued at $15m.
Backers included Amir Sarhangi, ex-Ripple XRP VP of Products and CEO Supermojo, and F Al-Tamimi, a Saudi entrepreneur.
The company intends to use the funds to
- Expand its operations into new markets, including Asia, Africa and Latin America.
- Develop new products and features, such as a peer-to-peer lending platform and a crypto-backed lending platform.
- Build out its team by hiring more engineers, product managers, and marketing professionals.
Bazaars is a peer-to-peer marketplace for cryptocommerce. The platform allows users to buy, sell, and trade physical and digital assets using cryptocurrencies. It is built on a blockchain network, which ensures that transactions are secure and transparent.
FinSMEs
07/08/2023