Cannabis payment processor draws in financial investment from Jay-Z

Denver-centered payment processor Flowhub has raised almost US$50 million ($62.1 million) since launching in 2015, such as a personalized investment from rapper turned cannabis entrepreneur, Shawn “Jay-Z” Carter.

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The most modern funding spherical captivated the notice of the iconic artist and upped the company’s valuation to more than US$200 million ($248 million).

Fowhub intends to use the funding to develop into rising marketplaces, further establish its merchandise line and expand its social equity plan.

“Jay-Z is a cultural and imaginative international force no issue the industry he is included in,” reported Kyle Sherman, founder and CEO of Flowhub. “I couldn’t assume of a far better group to

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