Cryptocurrency payment card company CryptoSpend plans to raise A$5 million in Series A funding at a valuation of A$30-50 million

ChainCatcher news, according to Bloomberg, cryptocurrency payment card company CryptoSpend is seeking to raise A$5 million (approximately US$3.5 million) in a Series A funding round at a valuation of A$30-50 million.

It is reported that CryptoSpend is Australia's first digital asset payment service company to issue a crypto Visa card, and its revenue has grown sixfold since the second quarter of 2022. The valuation for this funding round has also increased by about four times compared to previous valuations. The company plans to use the new funds to expand its business and market. (source link)