By VC News Daily

CHICAGO, IL, Coinflow Labs, an instant settlement payment provider, today announced the closing of its $2.25 million seed round.

CMT Digital led the round with participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Currency Group [and various angel investors]. This round follows a pre-seed round Coinflow raised in early 2023 with the majority of their investors doubling down on the team.

Coinflow is a blockchain-based payment processor that enables instant settlement for both payment acceptance and payouts. Coinflow serves companies in various industries, including gaming and music, with clients such as Solana Labs, Faraway, and Audius. They have helped companies increase revenue and payment approval rates. Coinflow’s platform offers additional value-added payment-adjacent services such as complete chargeback protection, analytics, and KYC/KYB.

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Source: VC News Daily