Speedinvest, Seedcamp and Credo backed the seed round, which will fund team expansion and regulatory approvals.
"The crypto industry as a whole is still in its infancy. We believe that by bringing crypto platforms into a single body under the Fiat Republic Consortium, we can increase our collective standing with regulators and enhance our leverage with big banks, who, until now, have dictated the terms of access to fiat based on harsh internal risk policies, often conceived mainly out of fear of the unknown. By creating an API that facilitates seamless data exchange between both traditional and crypto players, we believe we can foster transparency and better understanding between both sides, which in the future will benefit the whole."
The financing was led by Zetta Venture Partners alongside Amadeus Capital Partners and Speedinvest to fund international growth and product development.
The seed round was led by Octopus Ventures and GV, with participation from Speedinvest and angel investors.
"Lapse doesn’t let you review, edit, or curate photos in ways that other platforms encourage. The focus is on enjoying the moment, rather than trying to showcase it. People are taking and sharing photos on Lapse of things they never would have otherwise. By removing the pressure for perfection and the mental barrier when we review photos, a whole new world of more ‘real’ photos gets unlocked,"
