ChainCatcher reported that GlobeNewswire reported that instant settlement payment provider Coinflow Labs has completed a $2.25 million financing round led by CMT Digital, with participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Currency Group and several angel investors. This round of financing follows Coinflow's pre-seed round in early 2023, when most of its investors doubled their investment in the team.
It is reported that Coinflow Labs' innovative payment infrastructure solution is designed to shorten the time it takes for merchants to receive payments. Typically, merchants who accept credit cards experience delays of multiple business days before settlement, which puts pressure on their business. Coinflow enables merchants to receive payments instantly. Coinflow provides a comprehensive payment stack, including chargeback-free payment acceptance and instant settlement of stablecoins.
Additionally, Coinflow offers an Instant Funds product that allows businesses to instantly pay stablecoin funds into users’ bank accounts using real-time payment channels such as Visa Direct, RTP through clearing houses, and Instant SEPA.
