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Coinflow raises $25m in Series A funding round
Yahoo Finance· 2025-10-09 11:57
Core Insights - Coinflow, a payment service provider, has successfully raised $25 million in a Series A funding round to enhance the global infrastructure for pay-in and payout stablecoins [1][4] - The company has seen a 23-fold increase in revenue since its initial seed funding in 2024 and now operates in over 170 countries [1][2] Group 1: Funding and Growth - The Series A funding will enable Coinflow to expand its global payout coverage to over 100 countries, particularly focusing on Asia and Latin America [3] - Coinflow plans to refine its product foundation to improve transaction approval rates, which is expected to drive merchant growth [3] - The company aims to enhance payout liquidity and efficiency while broadening its market reach to support client and partner expansion [3] Group 2: Technology and Services - Coinflow's infrastructure is utilized across various industries, including marketplaces, fintech, gaming, payroll, remittance, and e-commerce [2] - The company combines stablecoins with AI-driven fraud prevention and blockchain proof-of-delivery, allowing merchants to execute transactions instantly and settle funds in real-time [2] - This technology helps avoid costs associated with chargebacks, providing a more efficient payment solution [2] Group 3: Leadership and Vision - Coinflow's CEO, Daniel Lev, emphasized the need for a unified global payment system to overcome delays, fraud, and unnecessary costs associated with local networks [4] - The Series A funding is seen as a critical step in scaling Coinflow's vision globally and establishing its position as a next-generation payment service provider [4] - The company plans to expand its team in both the US and the EU to support its growth initiatives [3][4]