Tilia wants to make it easy for companies that need financial services in a digital economy world (including the metaverse) to pay and transact with anyone in a regulated way.
The company, which has built a payment platform intended for gaming platforms, virtual world publishers, mobile application developers and NFT providers, said Tuesday it has secured another strategic investment from its returning backer, J.P Morgan Payments, and new investor Dunamu, a Seoul-based operator of crypto exchange Upbit.
With the latest round, Tilia has raised a total of $22 million since its spin-off from Linden Lab, the creator of Second Life, in 2022 (it didn’t share how much was raised this time vs. in its first tranch from 2022). The goal of the startup is to help platform operators capture more of the value of all the transactions made related to their product.
The company plans to use its new capital to increase the size of the team, which currently has more than 70 people, to meet the needs of its growing business and to continue to scale its platform.
(By Kate Park)
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