Black Cactus Global (OTC:BLGI) (the “Company”) is pleased to announce that the Company has secured up to 3.6 million USD in funding for its India based Blockchain development subsidiary, Black Cactus Global Technologies Pvt. Limited (“BCG-TPL).
The financing fully funds the Company’s BCG-TPL operations from June 1st, 2018 to May 31st, 2019.. The capital has been sourced internally from the Board of Director’s.
The Company’s BCG-TPL Blockchain team has been achieving significant milestones at its Development Center in the burgeoning ‘Fintech Valley’ of Visakhapatnam (‘Vizag’) India. The state-of-the-art Vizag Development Center is expected to be fully staffed by mid to late summer to accommodate projected new business, and the Company is planning to develop a second Operations Center in 2019 at the Tech-hub of Hyderabad, India.