The startup wants to become a one-stop shop for various blockchain solutions in the areas of travel, medical care, and agriculture
Singapore-based video conference calling app YeeCall has announced that it has secured US$5 million in a strategic financing round, led by Leo Digital Network, a subsidiary of Shnaghia-based Leo Group.
Shenma Internet Financial and Jingyuan Capital also joined the round.
The company will use the capital to set up a blockchain industry solution business unit, and launch new industrial solutions on blockchain.
YeeCall was founded in 2015, with two R&D centres in Beijing and Shenzhen. It is an app providing voice call, video call and instant messaging features. It also enables users to share photos, doodles and stickers during the call. Its ‘Retouch Filter’ can instantly smooth out your skin and hide your wrinkles, pores, imperfections.
Currently, YeeCall claims to have nearly 40 million registered users, covering Southeast Asia, Europe and the United States, India, and the Middle East. According to a company spokesperson, majority of YeeCall’s users are from the Philippines, Indonesia and Vietnam who are working in the Middle East.
According to founder and CEO Zhang Lei, blockchain and Artificial Intelligence have become the technical cornerstone of YeeCall. The firm recently launched Yeewallet, a multi-cryptocurrency wallet that also features internet voice calls using YeeCall.
In May this year, Yeewallet announced a partnership with Bitcoin Cash Fund, which aims to bolster bitcoin cash adoption by airdropping 20 BCH to Yeewallet users, who meet the airdrop requirements.
He said that the company wants to become a one-stop shop for various blockchain solutions in the areas of travel, medical care, and agriculture. It will also provide users from Southeast Asia and the Middle East low-cost cross-border money transfer services on blockchain.
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