TLDR:
- Félix Pago raised $15.5 million for WhatsApp remittances
- Fortunafi secured $9.5 million for asset tokenization
During a busy week in the crypto space, several startups made significant progress in securing venture capital funding. Félix Pago, a Latin American remittance startup, raised $15.5 million in a Series A round led by Castle Island Ventures. The company aims to simplify the process of sending money across borders using WhatsApp, emphasizing the convenience of the platform and the use of Circle’s USDC stablecoin to lower costs.
Fortunafi, a real-world asset tokenization platform, received $9.5 million in funding from Shima Capital and Manifold, with backing from notable investors like Jordan Fish and Ari Litan. The funding will support the development of Fortunafi’s platform and introduce a new stablecoin protocol called Reservoir.
SwitchBoard, an on-chain oracle startup, raised $7.5 million in a Series A round co-led by Tribe Capital and RockawayX. With support from the Solana Foundation, Aptos, and StarkWare, the company plans to expand its oracle tools and use cases for web3 developers.
Other notable funding rounds included SCRYPT securing $5 million, Coinflow and Plural raising $2.3 million each, and STON.fi securing $3.6 million for DEX growth. These investments highlight the growing interest and support for innovative crypto and blockchain startups looking to make an impact in the industry.
