Tuesday, August 28, 2018

CULedger Collects $8.5M In Series A Funding

Denver-based CULedger, a company working on "distributed ledger" technology for credit unions, announced today that it has raised $8.5M in its Series A funding. The company said the round remains open, and that it is targeting a total of $10M in its funding. The company says it is developing "innovative applications to credit unions through its cross-border global distributed ledger platform". John Ainsworth is president and CEO of CULedger. The most well known "distributed ledger" technology is Blockchain, the protocol behind the Bitcoin cryptocurrency.