Web3 Payment Stack Provider Coinflow Labs Raises $1.45 Million in Pre-Seed Funding Round

Coinflow Labs, a web3 payment stack provider based in Chicago, has closed a $1.45m pre-seed funding round led by Jump Crypto and Reciprocal Ventures, with participation from various investors.

Coinflow offers a comprehensive web3 payment stack that allows web3 companies to accept traditional payment methods for buying NFTs with a credit card, and its off-ramp product allows customers to move cryptocurrency from self-custody wallets instantly to their bank accounts using existing real-time payment rails.

Coinflow's products are currently live on several blockchains, including Solana, Near, Polygon, and Ethereum, and the company has secured partnerships with Web3Auth and Tier 1 US Banks for payment processing and off-ramp services.

Original Link

Comments

All Comments

Recommended for you

Cointime精选 ·

Bitcoin Valuation by Savings Adoption

A mid-term approach to price modelling Bitcoin is something entirely new, something never before observed. Because of this, many of the trusted tools in our financial toolkits might simply not do a very good job of modelling its performance, and it’s causing apprehension among analysts who are used to deploying certain modelling tools to make sense of asset pricing.
Cointime精选 ·

Moonbeam Q1 2024 Brief

Moonbeam (GLMR) is a Layer-1 parachain on the Polkadot Network, serving as an EVM-compatible smart contract platform. It provides an Ethereum Virtual Machine (EVM) implementation and a Web3 API, enabling straightforward deployment of Solidity contracts and protocol interfaces with minimal modifications. Its primary features include cross-chain integration, staking, and on-chain governance.
Cointime精选 ·

Reputation Cookies

In Civilized to Death, author Christopher Ryan explains how childhood has evolved. In the past, kids were expected to play together at playgrounds. Post-school time was kept for going around the neighbourhood in pursuit of play. As our cities grew bigger and our sense of safety declined, children began spending more time inside houses.
Cointime精选 ·

Matcha Q1 2024 Brief

Matcha is a decentralized exchange (DEX) aggregator launched by 0x in June 2020. As a DEX aggregator, Matcha aims to deliver users the best prices on DeFi trades.
Cointime精选 ·

Realized Vol Dramatically Higher

The recent Iranian attack on Israel triggered a significant sell-off in the crypto market. BTC dropped to $61k, while ETH fell even further to $2.85k. Alts also experienced notable declines of -20/30%.
PermaDAO ·

Consensus & Holographic State

Discover how AO's holographic state revolutionizes blockchain scalability, leveraging Arweave's immutable logs for consensus without compromise. A new era of efficient, scalable decentralized computing is upon us.
PermaDAO ·

PermaDAO money-making strategy sharing series - "Gaming to Earn”

There is such a thing as "making money by playing games", but I never thought it would happen to me.
PermaDAO ·

Arweave Weekly Highlights Week 15: Community Labs launched incubator AO Ventures, everPay has more than 40,000 registered users

Arweave data last week: The main network completed a total of 143,716,515 transactions and achieved 831.69 GiB storage within the week. The storage fee this week is 0.748 AR/GiB, and the addresses on the chain increased by 769.
DLCLink ·

DLC.Link and Amber Group Forge Strategic Alliance to Launch dlcBTC

Amber Group will be pivotal in this launch, serving as the inaugural customer, liquidity provider, and market maker for $dlcBTC.
MIIX Capital ·

MIIX Capital：Crypto Weekly report（0408-0414）：Significant Fluctuations now, but Remains Bullish.

In this ever-changing cryptocurrency world, market fluctuations and various news events can have an impact on investors. It's essential to stay informed, keep track of market dynamics, and make decisions carefully.