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Golden Finance reported that digital identity verification company Magic ID has announced the completion of a €350,000 Pre-Seed funding round. SFC Capital, Presto Ventures, and a group of angel investors participated in the funding. Magic ID's decentralized identity infrastructure helps businesses streamline the Know Your Customer (KYC) process and complies with the General Data Protection Regulation (GDPR) regulatory requirements in the European Union. The new funds will be used to expand the team and increase research and development efforts. |
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Post time 27-11-2023 06:08:04
