Mean DAO Announces Closing of $3.5 Million in Financing Led by Three Arrows Capital and Others

TokenInsight news, Mean DAO announced the closing of a $3.5 million funding round led by Three Arrows Capital, SoftBank and DeFiance Capital, with participation from Skyvision Capital, Solar Eco Fund and others. The funds raised will reportedly be used to facilitate a money flow protocol for the DeFi ecosystem on Solana, a service that automates payment and banking workflows and allows for flexible payment schedules. Mean DAO first launched the smart contract Mean protocol and is preparing to launch its own banking application "MeanFi".