Instant settlement payment provider Coinflow Labs completes $2.25 million funding, led by CMT Digital

ChainCatcher news, according to GlobeNewswire, instant settlement payment provider Coinflow Labs has completed a $2.25 million financing round, led by CMT Digital, with participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Currency Group, and several angel investors. This round of financing follows a pre-seed round conducted by Coinflow at the beginning of 2023, during which most of its investors doubled down on the team.

It is reported that Coinflow Labs' innovative payment infrastructure solution aims to shorten the time it takes for merchants to receive payments. Typically, merchants accepting credit cards experience multiple business days of delays before settlement, which can put pressure on their operations. Coinflow enables merchants to receive funds instantly. Coinflow offers a comprehensive payment stack, including non-refundable payment acceptance and stablecoin instant settlement.

Additionally, Coinflow provides instant funding payment products that allow businesses to make instant payments of stablecoin funds to users' bank accounts using real-time payment channels such as Visa Direct, RTP through clearinghouses, and instant SEPA.