Apla Blockchain Joins FasterCapital's Acceleration Program, Aiming to Raise $115M


Posted October 22, 2024 by FasterCapital

Apla, a blockchain startup led by CEO Vitaly Bondar, has joined FasterCapital’s Acceleration program as it seeks to raise $115 million to scale its innovative platform.

 
Apla, a blockchain startup led by CEO Vitaly Bondar, has joined FasterCapital’s Acceleration program as it seeks to raise $115 million to scale its innovative platform. Apla facilitates fast, secure, and compliant blockchain infrastructure for small and medium businesses, addressing key challenges faced by blockchain startups, such as limited access to banking services, poor liquidity, high volatility, and compliance with AML/CFT regulations.
Apla has already secured $2.3 million in initial investments, and the funds raised will enable the company to enhance its decentralized marketplace, expand its partnerships, and further develop its enterprise-grade security solutions. The startup is based in Luxembourg, with plans to roll out its services globally.

Bashar Hamood, Managing Director of FasterCapital, expressed his excitement about Apla joining the Acceleration program: “Apla's unique solution to the challenges of blockchain adoption for SMEs has immense potential. Their focus on security, compliance, and liquidity puts them in a strong position to disrupt the market.”

Commenting on the partnership, Vitaly Bondar, CEO of Apla, said: “Joining FasterCapital’s Acceleration program is a significant milestone for us. Their support will allow us to accelerate the adoption of our platform and achieve our mission of providing fast, secure, and compliant blockchain solutions to businesses worldwide.”

Apla’s platform leverages its partnership with SnapSwap, a licensed electronic money institution in Luxembourg, to provide users with EUR accounts and seamless token exchange through IBAN-linked wallets. Apla ensures AML/CFT compliance, enterprise-grade security, and a user-friendly development environment, making it easier for startups to adopt blockchain technology.

The company’s next steps will focus on raising the $115M needed to scale its operations and bring its vision of fast, accessible, and secure blockchain technology to fruition.
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Issued By FasterCapital Team
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Categories Blockchain
Last Updated October 22, 2024