The ChainCatcher news, according to Fortune magazine, reports that Coala Pay, a cryptocurrency startup, has completed a $3.5 million seed round of financing, led by Castle Island Ventures, with participation from Lattice Fund, Factor Capital, and the founder of the cryptocurrency charity platform The Giving Block. The company will use the funds from this round of financing to expand its team and recruit employees with experience working for the United Nations and the US government.
The company aims to connect humanitarian aid organizations with potential donors. Coala Pay helps vet donors and local aid organizations, requiring both parties to provide detailed documentation to prove their legitimacy. Once both parties are whitelisted, they can access each other's documents as needed. Coala Pay does not sign physical contracts, but creates smart contracts for Stablecoin transactions and generates a proxy coin to store information and track the use of funds.
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Công ty khởi nghiệp Coala Pay, ổn định mã hóa, hoàn thành vòng tài trợ hạt giống trị giá 3,5 triệu USD, do Castle Island Ventures dẫn đầu.
The ChainCatcher news, according to Fortune magazine, reports that Coala Pay, a cryptocurrency startup, has completed a $3.5 million seed round of financing, led by Castle Island Ventures, with participation from Lattice Fund, Factor Capital, and the founder of the cryptocurrency charity platform The Giving Block. The company will use the funds from this round of financing to expand its team and recruit employees with experience working for the United Nations and the US government. The company aims to connect humanitarian aid organizations with potential donors. Coala Pay helps vet donors and local aid organizations, requiring both parties to provide detailed documentation to prove their legitimacy. Once both parties are whitelisted, they can access each other's documents as needed. Coala Pay does not sign physical contracts, but creates smart contracts for Stablecoin transactions and generates a proxy coin to store information and track the use of funds.