Coinflow Labs, an instant settlement payment provider, has closed a $2.25 million seed funding round led by CMT Digital, with participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Currency Group, and existing pre-seed backers.
The funding will enable Coinflow to onboard more merchants across verticals, expand jurisdictions, develop its product further, and grow its team.
Coinflow's payment infrastructure reduces settlement delays merchants face when accepting card payments, offering chargeback-free payment acceptance with instant stablecoin settlement and fund disbursement via real-time payment rails. The company's products are live on multiple blockchains, with over 50 merchants already using its services and volume growth exceeding 100% last quarter.
Coinflow has partnered with multiple US banks to facilitate payment processing and disbursements across 170 countries, with further jurisdictions planned. CEO Daniel Lev cited opportunities to enhance efficiency, security, and trust in payments by bridging traditional finance and blockchain technology.
Lead investor CMT Digital highlighted Coinflow's use of blockchain to facilitate instant settlement as aligned with its mission to back technologies reshaping global markets.