Merger to create financial data super-app for new era

Merger to create financial data super-app for new era

The grouping of Nansen, a blockchain analytics platform, Ape Board, a decentralised finance (DeFi) portfolio management dashboard, and the portfolio companies of SCB 10X, the venture investment arm of SCBX Group, are merging to become a data analysis super-app for Web 3.0.

Ms Mukaya said the merger will help Nansen become the go-to information app for Web 3.0.

SCB 10X is moving towards its goal of creating long-term value by investing in high-potential tech startups in an undertaking called "Moonshot Mission", said Mukaya Panich, chief venture and investment officer at SCB 10X.

The group has invested in Nansen's Series B round and Ape Board's seed round, allowing the former to acquire the latter.

Ms Mukaya said the merger will help Nansen become the go-to information app for Web 3.0, which is the next era of the internet that will integrate more digital assets and DeFi -- peer-to-peer financial services that do not depend on intermediaries such as banks.

"This acquisition was a great fit as Ape Board will be able to expand on Nansen's core offerings. The synergies between the teams were evident, and Nansen will become the portal for blockchain insights and portfolio management for end-users," she said.

Ape Board, which is a top-three portfolio tracker by web traffic, should help Nansen to deliver a comprehensive view of the digital asset investment landscape to users, said Ms Mukaya.

Ape Board also plans to assist in the development of new features to expand the platform by including portfolio tracking, programmatic access to blockchain data, Web 3.0-native communication, and more.


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