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This Wall Street veteran has raised $107 million to build the ‘app store’ of financial services


Source: Business Insider

MADRID, SPAIN — Fintech startup R3CEV raised $107 million from a consortium of the world’s top banks last month, one of the largest funding rounds for a startup working with distributed ledger technology.

The company was founded in 2014 by Wall Street veteran David Rutter to try and bring the technology behind bitcoin — blockchain, a.k.a. distributed ledger technology — to high finance.

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