Who are the decision-makers at Parallel Markets?

Fundz holds 1 contact at Parallel Markets, including the Executive Officer, Director. Names and contact details are shown to Fundz members.

Portable Identity Company Parallel Markets Announces Series A, Led By Union Square Ventures

PRIVATEFeb 03, 2022

Round Type

Series A

New YorkOtherFinancial ServicesSoftwarePaymentsPrivacy And Security

Description

Identity verification (KYC/AML) and Accreditation processes at financial institutions are slow and repetitive. With rapid growth in new investing platforms, each with redundant verification requirements, the need for a financial identity Passport has only become more apparent. Additionally, the global blockchain technology market is projected to reach nearly USD 400 billion by 2028, with decentralized banking and financial services being large drivers of growth. Tens of millions of participants in Web3 will need to be able to validly convey identity and other credentials in order to access financial products within this innovative new ecosystem.

Quick answer

Parallel Markets raised an undisclosed amount in a Series A round, dated February 3, 2022. Parallel Markets is based in New York, United States.

How much did Parallel Markets raise?: Parallel Markets raised an undisclosed amount in a Series A round on February 3, 2022.
What does Parallel Markets do?: This new funding will enable Parallel Markets to:Bring about a new paradigm of robust and seamless financial compliance by making identity fully portable for use in both traditional financial institutions as well as for..
Where is Parallel Markets based and how big is it?: Parallel Markets is based in New York, United States.
Who are the decision-makers at Parallel Markets?: Fundz holds 1 contact at Parallel Markets, including the Executive Officer, Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Payments around the same time

Companies in the same sectors as Parallel Markets that raised within 45 days of this round, from Fundz verified event records.

PayMongo raised $31M on March 10, 2022.
PayMongo raised $31M (Series B) on February 21, 2022.
Paerpay raised $3M (Seed) on March 9, 2022.
Everwash Inc. raised $6M (Series B) on March 2, 2022.
Dowsure raised $20M (Funding Round) on February 21, 2022.
Trace Finance raised $4.3M (Seed) on February 15, 2022.

Who to call at Parallel Markets, and when

A new round usually means Parallel Markets is about to hire and buy. The teams that reach out first get the meeting.

An alert the day Parallel Markets raises, hires an executive or expands, scored against what you sell
The decision-makers there, with verified emails
Who you already know at Parallel Markets, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Parallel Markets. With Fundz connected, it knows.

Watch Fundz in

See plan options

Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

Company Information

Company

Parallel Markets

Location

80 8th Avenue - Suite 1603

New York, United States

About

This new funding will enable Parallel Markets to:Bring about a new paradigm of robust and seamless financial compliance by making identity fully portable for use in both traditional financial institutions as well as for DeFI and Web3Issue the world's first regulatorily-compliant on-chain identity tokenReduce fraud and money laundering across the entire ecosystem by eliminating the inefficiencies and redundancies of current KYC processesGive users greater control than ever before for access to sensitive identity dataIf you're interested in improving your onboarding experience for customers with a fully compliant solution, we would love to show you how we can help. If you're interested in solving the complex problem of portable digital identity for financial markets, we are hiring. Reach out to us at sales@parallelmarkets.com. Parallel Markets is the creator of the Parallel Passport - a robust, portable digital identity solution that satisfies regulatory KYC/AML, Customer Due Diligence Rule and investor accreditation requirements. Parallel Markets is thrilled to announce their $7MM Series A to expand their identity platform, drive market adoption in the traditional financial markets and bring a critical piece of infrastructure to market for decentralized transactions in Web3 that can simultaneously enable integrity and anonymity.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Parallel Markets raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Book a demo Explore plans

Related People

1 contact

Verified contactsBrian M., Executive Officer, DirectorSee plans and pricing

Predictive Intelligence

Strategic

ML-powered predictions for Parallel Markets's next move

See what Strategic adds

Funding Insights

What this usually means

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Parallel Markets raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

Show me how a sales rep uses this Or see plans and pricing →

5 screens from a live account. No signup.