According to TechFlow, payment company Kima has completed a $5 million pre-seed round of financing, with participation from Blockchange, FinSec Innovation Lab (a research and development accelerator under payment giant Mastercard), Outlier Ventures, Blockchange, Big Brain Holdings, Castrum Capital, Kangaroo Capital and Maven Capital, bringing the company’s total financing to $8 million.
Kima has built a Web3 decentralized settlement protocol that connects traditional financial services such as fiat bank accounts and credit cards with decentralized finance (DeFi) tools.