Enterprise blockchain startup SettleMint raises $2M for global expansion

Belgium-based enterprise blockchain startup SettleMint has raised 1.9 million euros (~$2.04 million) in a new funding round.

KPN Ventures and Medici Ventures participated in the round, SettleMint announced Monday. With the fresh capital in place, the firm looks to expand its solutions in EMEA (Europe, the Middle East and Africa) and APAC (Asia-Pacific) regions.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The round brings SettleMint’s total funding to 5.5 million euros (~$6.06 million). The firm claims to provide a scalable, "low-code” and infrastructure agnostic enterprise blockchain platform for use case development and deployment.

SettleMint’s platform “solves problems for organizations deploying blockchain use cases, limiting the necessity to have inhouse blockchain expertise while significantly shortening the time to market,” said Sjoerd Spanjer, investment director at KPN Ventures.

KPN is now SettleMint’s strategic investor as well as a partner to help it expand, said Matthew Van Niekerk, co-founder and CEO of SettleMint.

“We have nearly completed the integration of SettleMint APIs (CertiMint) in the KPN API Store, our first blockchain proposition that will make blockchain functionalities accessible to developers using our marketplace. We are currently evaluating several other areas of potential commercial cooperation between SettleMint and KPN,” said Spanjer.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.