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Takadao completed a $1.5 million seed round financing and launched LifeCard aimed at stablecoin consumption.

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PANews November 17 news, according to Incrypted reports, the Web3 financial platform Takadao, headquartered in Riyadh, Saudi Arabia, with an office in Singapore, announced the completion of $1.5 million in seed round financing, with participants including Hasan VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (USA), Adverse (Saudi Arabia), and follow-on investment from Draper Associates in Silicon Valley, USA. The total financing has reached approximately $3.1 million (including previous pre-seed rounds and other investments). In addition, Takadao has also launched LifeCard - a prepaid VISA card that allows users to spend stablecoins like cash at any location that supports VISA.

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