Satoshi Citadel Industries (SCI) acquires KEZA, a New York-based bitcoin investment startup

Written by | Philippines, Startups, Tech

keza

Satoshi Citadel Industries (SCI) has announced that they have acquired New York-based bitcoin investment startup KEZA, and will relaunch a fully functional Keza app that will allow anyone to invest in a variety of US stocks using Bitcoin.

The announcement was made last Thursday from SCI company blog and financial details of the deal was not mentioned.

Keza, have gained the praises when they tried to fix the problem of bitcoin “investment”, since most of the sites that offers the service are scams and people often complains about losing funds.

So with their secured and easy to use app, the startup legitimize bitcoin “investment” and even received more than $350,000 in seed funding from Digital Currency Group (DCG) and angel investor Jason Calacanis.

But for some unknown reason, Keza announced last April 2016 that they will shutdown the service and sends the (bitcoin) deposits back to users.

The deal appears to be more of a technology acquisition, since SCI initially had an idea in developing their own bitcoin “investment” service and Keza instantly gives them the technology without spending time developing their own tech.

Keza app is available for iOS users and will join the bitcoin-based ecosystem that SCi is building. BuyBitcoin.ph, Rebit.ph, Bitmarket.ph, BitBit, PrepaidBitcoin and Coinage, are the other bitcoin-based products and services by Satoshi Citadel Industries (SCI).

[H/T to Tech in Asia]

Last modified: August 29, 2016