Takadao has closed a $1.5 million seed funding round and launched LifeCard for stablecoin users.

BlockBeats News, November 17th, according to BlockBeats report, Web3 financial platform Takadao, headquartered in Riyadh, Saudi Arabia with offices in Singapore, announced the completion of a $1.5 million seed round financing. Participants include Hasan VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (USA), Adverse (Saudi Arabia), and Draper Associates from Silicon Valley, USA, as a follow-on investment. The total funding raised has now reached approximately $3.1 million (including the previous pre-seed round and other investments).

Furthermore, Takadao also launched the LifeCard during this announcement - a prepaid VISA card that allows users to spend stablecoins like cash at any VISA-accepting location.