AllScale has secured $5 million in seed funding to develop a self-custody neobank centered on stablecoins. The spherical was led by YZi Labs, with participation from Knowledgeable Ventures and Generative Ventures. The platform goals to serve international microbusinesses and freelancers.
The corporate is constructing a monetary platform for stablecoin funds. It targets small companies that face points with conventional cost programs, resembling excessive charges and gradual transfers. The answer provides self-custody wallets and instruments for invoicing and checkout.
The neobank will initially help the BNB Chain ecosystem, with growth plans. The funding will speed up product growth and market entry. AllScale sees a major alternative in serving unbanked entrepreneurs and cross-border freelancers.
Picture: Freepik
