Blum, a UAE-based fintech and cryptocurrency startup, has secured $5 million in Pre-Seed and Seed rounds led by gumi Cryptos Capital, Spartan, No Limit Holdings, YZi labs and OKX Ventures. The startup didn’t disclose the exact amount for each round.

More to Know:

• Blum was founded in 2024 by Gleb Kostarev and Vladimir Smerkis.
• It is a decentralised exchange, offering universal token access through gamification within a Telegram mini-app.
• The funds will be used to enhance its infrastructure, improve trading functionalities, and expand its operations across multiple blockchain networks.