Fundz

Parallel Markets Inc. reported raising $7.25 Million in an initial SEC Form D filing, from an offering of $7.25 Million

PRIVATEFeb 24, 2022

Amount Raised

$7.25 Million

$7.25 Million sold, per SEC Form D (first sale Feb 24, 2022)

Round Type

Venture

New YorkOtherFinancial ServicesSoftwarePaymentsPrivacy And Security

Quick answer

Parallel Markets raised $7.25 Million in a funding round, dated February 24, 2022. Parallel Markets is based in New York, United States.

How much did Parallel Markets raise?
Parallel Markets raised $7.25 Million in a funding round on February 24, 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.
  • Swoosh Transfer raised an undisclosed amount (Funding Round) on April 8, 2022.
  • Bitcoin raised $2.1M (Seed) on April 5, 2022.
  • Liquid MarketPlace raised $10M (Funding Round) on April 5, 2022.
  • Fintech Cashier raised an undisclosed amount on March 31, 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

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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.

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

Related People

1 contact
Verified contactsBrian M., Executive Officer, DirectorSee plans and pricing
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Parallel Markets raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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