May 28, 2024
Coinflow Labs, a company that provides instant settlement payments, announced closing a $2.25 million seed funding round. CMT Digital led the round, with participation from other investors. This round follows an earlier funding round in 2023.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Coinflow | $2.25m | May 28, 2024 | Seed | $3.7m | CMT Digital Ventures | Payments |
Coinflow Labs offers a payment system designed to speed up the time it takes for merchants to receive payments. Traditionally, merchants experience delays when accepting card payments. Coinflow provides a solution for instant settlement in stablecoins. Additionally, Coinflow offers a product that allows businesses to disburse funds from stablecoins to users' bank accounts instantly.
Coinflow's products are currently operational on multiple blockchains. The company has over 50 merchants using their service and is growing rapidly. They have also secured partnerships with several US banks. Coinflow's payment acceptance service works in over 170 countries, and their fund disbursement product is available in the US and EU, with plans to expand in 2024.
Daniel Lev, Co-founder and CEO of Coinflow Labs advised Coinflow aims to bridge the gap between traditional finance and blockchain technology, creating a value-added service for merchants with instant settlement.
Sam Hallene, an Investment Partner at CMT Digital commented that Coinflow connects web3 and traditional systems, making it easier for web3 products to integrate and improving financial operations for web2 companies.
The funding will allow Coinflow Labs to serve more merchants, expand their service to new areas, improve their product, and hire new team members.
About Coinflow
Coinflow is a blockchain-based payment processor that enables instant settlement for both payment acceptance and payouts. Coinflow serves companies in various industries, including gaming and music, with clients such as Solana Labs, Faraway, and Audius. They have helped companies increase revenue and payment approval rates. Coinflow’s platform offers additional value-added payment-adjacent services such as complete chargeback protection, analytics, and KYC/KYB.
Website: https://coinflow.cash/
X: @CoinflowLabs
X followers: 1,518
X followers (30 days): 1,364
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About Investor
Investor: CMT Digital
Description: CMT Group has grown from an equity options market maker to a global investment firm. CMT Digital focuses on the digital assets space with trading and venture capital operations.
Location: United States
Website: https://cmt.digital/
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