Finnish blockchain-based social trading service SOMA said on Wednesday it had secured 50,000 euro in an initial capital injection from Business Finland, a public funding agency within the Ministry of Economic Affairs and Employment. As per the funding agreement, SOMA is potentially eligible for a second infusion of up to 1 million euro and up to 20 million euro in a third round.
Within the first funding round, which lasts for two months, Helsinki-based SOMA will use the money to develop its social marketplace and to onboard retail and manufacturing partners for its
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