August 29, 2024
Bridge, a web3 payment company, has secured $58 million in funding. Founded by former employees of Coinbase and Square, the firm is supported by investors such as Sequoia, Ribbit, Index, and Haun Ventures.
Project | Latest Raise | Latest Raise Date | Category |
|---|---|---|---|
Bridge | $58M | August 29, 2024 | Web3. Payments |
The company is developing a platform powered by stablecoins to facilitate money movement, including services like payouts, cross-border payments, and currency exchange. They have already collaborated with Bitso to provide business-to-business cross-border payments in Latin America using stablecoins.
Bridge is also creating services for stablecoin orchestration and issuance. Their orchestration service offers simple APIs to convert between various dollar formats (USD/EUR, USDC, PYUSD, USDT, etc.), while the issuance service allows developers to create customizable stablecoins. These APIs enable companies to offer digital dollar-based services to their customers or businesses.
About Bridge
Bridge is a company that provides tools for developers to work with stablecoins. They offer APIs (application programming interfaces) that make it easy to convert between different types of digital dollars, like USD, USDC, and USDT. Developers can also use Bridge’s services to create their own stablecoins. This helps businesses move money quickly and easily across borders and different currencies.
Website: https://www.bridge.xyz/
About Investor
Founded by former employees of Coinbase and Square, the firm is supported by investors such as Sequoia, Ribbit, Index, and Haun Ventures.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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