Blockchain payment company Halliday has raised $20 million in Series A funding, led by a16z
ChainCatcher news, according to Fortune, the startup Halliday, which helps financial institutions automate services using blockchain and AI technology, has completed a $20 million Series A funding round, led by venture capital giant Andreessen Horowitz (a16z), with participation from Blizzard Fund, Credibly Neutral, SV Angel, and other angel investors.
Griffin Dunaif, CEO and co-founder of Halliday, stated that the company collaborates with chartered banks, payment service providers, and other financial institutions interested in blockchain technology to help them accelerate their entry into the field by simplifying the design of financial workflows.
Financial workflows (a structured sequence of steps to transfer funds from one place to another) are crucial for any company that handles funds for clients. In the crypto world, establishing these workflows requires engineers to program smart contracts, which can be a slow and arduous process.