Digital currency cross-border transfer company Almond FinTech raises US$7 million

Odaily News Almond FinTech, a B2B technology company that connects fiat currencies and digital currencies, announced the completion of a new round of financing of US$7 million. The financing will be used to expand Almonds business in Asia, the Americas and Africa. According to reports, Almond’s proprietary Settlement Optimization Engine (SOE) tracks hundreds of digital currencies and blockchains to determine the best route for international transfers to ensure low cost and high efficiency. Almond recently received SOC2 Type 1 certification. In addition to cross-border transactions, Almond provides customers with a credit scoring platform powered by behavioral analytics to provide loans to communities with unconventional or limited credit histories. (Finextra)