Cfx Labs Closes $9.5 Million Seed Round To Continue The Rapid Transformation Of Global Payment Processing And Monetization

Nov 15, 2023•about 2 years ago

Amount Raised

$9.5 Million

Round Type

seed

ChicagoCryptocurrencyBlockchainFintech

Investors

Metropolitan Capital Bank & TrustNew Form CapitalKraken VenturesHard YakaCorazon CapitalCmt DigitalAntalphaDecasonicShima Capital

Description

CFX Labs, a future leader in the monetization of rapid and secure international payments markets currently operating a nationwide payment network, announced it has raised $9.5 million in seed funding. CFX Labs raised funds from a diverse array of strategic partners including Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Hard Yaka, Kraken Ventures, New Form Capital, Metropolitan Capital Bank & Trust amongst others in an oversubscribed round.

Company Information

Company

CFX Labs

Location

Chicago, Illinois, United States

About

CFX is an early stage innovator in global money movement. The company enables individuals and businesses to move seamlessly between digital assets and local currency as part of its decentralized global payment gateway and network of payment networks. Its mission is to reward 5.3B world wide web users with digital coupons for online payments and digital remittance. CFX is a licensed, registered, and regulated issuer exporter of electronic P2P cash in partnership with its FDIC Member Bank investor serving as USD custodian.

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