With its $50 million Series B round, Oakland SeoS new round of funding has put the company on par, at least for now, with other companies that use blockchain to record and process payments.
Oakland SeoS co-founder and CEO Mike Krieger, who co-founded the startup last year, says he expects the company to continue to expand its services and use blockchain technology in the future.
Oaklands SeoS is based in San Francisco, but it recently added Seattle as a location for its headquarters.
Kriegers co-founders Matt and Justin Sennall were raised in Seattle, and their goal was to build a company that would help people with a diverse range of interests.
“It is really a way to help people that may be marginalized or are out of their area or may be out of money,” Krieges co-CEO Justin Sernall told The Next Web.
Oakies decentralized system of payments is designed to reduce fraud and protect against the risk of fraud.
The company is a leader in the field of blockchain technology and is working with some of the world’s top financial institutions, including the Federal Reserve Bank of Atlanta, the New York Stock Exchange and the Bank of England.
Sernall said that, in addition to its traditional banking operations, the company is also looking into other areas like payments, remittance, and digital identity.
He noted that Oakland Seos decentralized system is not limited to payments, but also supports other types of financial services.
Oakls decentralized payments platform allows users to send money and can be used to verify and transfer money in real-time.
It can also process and store money for future payments.
“It’s really really focused on the digital side of things and is a little bit more focused on real-world applications,” Sernalls co-head of financial products, Andrew McQuillan told TechRadars’ Alex De Leon.
Oakles decentralized payment platform has an SDK that allows users of the platform to interact with the platform and to store their transactions.
“We’re really excited about this,” Sennalls said.
“We’re looking to build an ecosystem around this platform.
It’s a really exciting time to be working on a distributed, blockchain-based financial system.
We think this platform will help drive adoption in the blockchain space and will help the world get back to its core values.”
The company is focused on building a blockchain-powered payments system, and the first application of the technology will be a decentralized marketplace for the sale of merchandise.
In order to do that, the startup is building a decentralized application that stores and processes the information, and uses blockchain technology to verify the transactions.
The startup is not the only startup trying to solve the problem of fraud and fraud detection.
Earlier this month, Coinbase announced a partnership with blockchain-focused startup Seo to make its own decentralized platform for verifying transactions and making them easier to transfer.
Coinbase plans to use Seo as its main point of contact for payments, which are stored on the blockchain and verified through blockchain technology.
According to the company, it has already been used by some of its customers for verification and payments.
The startup is now looking to scale its service to other payments and services, and Sernains goal is to expand to other industries as well.
The company’s founders, Krieg, McQuills and Sennills were raised at Stanford University and are both working at Oakles decentralized platform.
In addition to working with other financial institutions and technology companies, they are also looking to help other people with diverse interests.
Sebastian Stuck, CEO of blockchain company BitPay, told The Verge in an interview that blockchain is a great tool for people to create a more secure and transparent financial system, but the biggest benefit is that it can help improve the efficiency of businesses.
“The blockchain is really about decentralization,” Stuck said.
“The blockchain can really simplify how businesses manage their money,” he added.
“They can do transactions in the order they want, and there is no intermediary or middleman.
There is no cost or cost of failure.”
While the startup has already started using blockchain technology for payment processing, it is also working on the next stage of its service, which is using blockchain for identity verification and auditing.
“When you are making a new application or a new platform, it’s really hard to be sure that everything is going to be decentralized,” Kriests co-creator Justin Sohn said.