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HomeFinTechRoyale Finance: Raises $1.45M in Funding

Royale Finance: Raises $1.45M in Funding

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  • Royale Finance, a Belize City, Belize-based developer of a solution providing funding for iGaming startups, raised $1.45m in funding
  • Backers included Alphabit Fund, AU21 Capital, Fomocraft Ventures, Kyros Ventures, and Vendetta Capital
  • The deal will also allow the company to expand its development efforts and merge DeFi with iGaming, a multi-billion dollar market
  • DeFi is the short notion for decentralized finance, which also allows crypto entrepreneurs to regenerate traditional financial instruments in a decentralized architecture
  • The online gambling market expected to reach $127.3 billion USD by 2027, a compound annual growth rate of 11.5 %.
  • The rise of digital assets and secure digital payments are contributing to the sector’s growth

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