Magic, the Web3 wallet-as-a-service provider, has raised $52M in a funding round led by PayPal Ventures. Other investors include Cherubic, Synchrony, KX, Northzone, and Volt Capital.
Magic is a WaaS provider that helps businesses onboard users into web3 with instant non-custodial wallet creation, having more than 20M unique wallets generated to date.
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🔗 prnewswire.com/news-releases/magic-announces-52m-strategic-funding-round-led-by-paypal-ventures-301838352
