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Takadao completed a $1.5 million seed round financing and launched LifeCard aimed at stablecoin consumption.
PANews November 17 news, according to Incrypted reports, the Web3 financial platform Takadao, headquartered in Riyadh, Saudi Arabia, with an office in Singapore, announced the completion of $1.5 million in seed round financing, with participants including Hasan VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (USA), Adverse (Saudi Arabia), and follow-on investment from Draper Associates in Silicon Valley, USA. The total financing has reached approximately $3.1 million (including previous pre-seed rounds and other investments). In addition, Takadao has also launched LifeCard - a prepaid VISA card that allows users to spend stablecoins like cash at any location that supports VISA.