Web3 Payments Startup Request Finance Raises US$5.5 Million Seed Fundingby Fintech News Singapore June 9, 2022
Request Finance, a Web3 enterprise crypto payments startup, announced that it has closed a US$5.5 million in a seed funding round.
Participants of the fundraise include metaverse company Animoca Brands, Europe’s early-stage venture capital investor Balderton Capital, and XAnge.
The company’s seed round also attracted other Web3 founders including, Sebastien Borget, Co-founder and COO at The Sandbox, Michael Kong, CEO of Fantom, and Stani Kulechov, Founder and CEO of Aave, and Julien Bouteloup, Founder of StakeDAO.
Request Finance said that the funds will be used to expand the company’s global team. It is actively hiring for a number of new roles including a Chief Finance Officer (CFO), software developers, as well as positions in business development and marketing.
It will also support the company’s efforts to expand its in-app services to include invoice financing, escrow, and even yield-farming. These features are aimed at helping enterprises better manage their crypto financial operations.
Request Finance simplifies and automates invoicing, expenses, payroll, and accounting in crypto for more than 1,900 Web3 teams.
Since its launch in January 2021, the company said that US$200 million in crypto invoices have been paid through its platform.
Christophe Lassuyt, CEO and Co-founder of Request Finance said,
“We are encouraged by the overwhelming interest that we have received from our early adopters. Compliance-friendly companies choose Request Finance to document their crypto transactions, and love the experience.”