The funding round was led by AlbionVC with participation from a16z Crypto and CMCC Global.
"Stablecoins play a critical role in the crypto ecosystem, bridging that gap between digital assets and traditional finance. As the crypto ecosystem continues to mature, our technology empowers fintechs and exchanges to offer stablecoin yield products that are seamlessly integrated, safe and fast, matching high demand levels. This funding allows us to continue on our growth trajectory, building products for some of the biggest and most important leaders in the space. The caliber and experience of our partners is testament to the solutions we’ve built and the fantastic team we’ve got here at OpenTrade. Onwards and upwards."
Speedinvest led the pre-seed round, which will fund international expansion and product development.
"Lenders are losing a significant portion of their economics to third-party fees and endless structuring processes. We want to help them claim back that value by simplifying their access to a broader range of financing options. This will ultimately benefit their clients, consumers and small businesses of the real economy, at a time where innovative credit, payment, and embedded finance products are rapidly growing. Our solution is applicable to any finance product. We are here to support any lender, anywhere, and help them scale their operations."
Ayre Ventures led the initial stage of the seed round to support the growth of the writer and reader network.
"This funding gives us the momentum to expand our platform and create a thriving environment where emerging authors are discovered, and readers engage with original, meaningful stories. We’re excited to offer a space that complements traditional publishing, unlocking new opportunities for the entire literary community."
