Payments company Kima raised a total of $5 million in pre-seed funding through equity and token funding rounds, bringing the company's total funding to $8 million. Blockchange, FinSec Innovation Lab, a research and development accelerator owned by payments giant Mastercard, and several angel investors led the equity funding round. Additional support for the token funding came from Outlier Ventures, Blockchange, Big Brain Holdings, Castrum Capital, Kangaroo Capital, and Maven Capital, according to a press release shared with The Block.
It is reported that Kima has built a decentralized settlement protocol that connects traditional financial services, such as fiat bank accounts and credit cards, with decentralized finance (DeFi) tools.
Payments firm Kima raises $5 million in equity and token funding round
2024-06-12 13:06:52
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