ChainCatcher news, the African cross-border payment platform Accrue announced the completion of a $1.58 million seed round financing, led by Lattice Fund, with participation from Maven 11, Lava, Kraynos Capital, and others.Accrue was founded in 2021 by Zino, Clinton, and Adesuwa, initially focusing on a dollar-cost averaging application for cryptocurrencies and stocks. After experiencing a market downturn in 2022, the company pivoted to launch the cross-border payment tool Cashramp, which has now become its main source of revenue and achieved profitability in mid-2023.This round of financing will be used to expand payment infrastructure, optimize product features, and grow the team, further driving innovation and growth.

ChainCatcher news, according to Cointelegraph, one of Russia's first cross-border payment platforms, Exved, has officially announced its launch, which will facilitate the use of cryptocurrency for international settlements by local legal entities. The announcement stated that the Exved platform specifically allows people to use Tether (USDT) stablecoin for cross-border transactions with offshore rubles and dollars.It is reported that the platform aims to help Russian legal entities make cross-border payments at the lowest market rates without intermediaries. The launch of Exved is supported by various entities, including InDeFi Bank, which launched a decentralized crypto ruble project last year. The CEO of InDeFi stated that the internal mechanisms of Exved have passed testing and approval by the Central Bank and the Federal Financial Monitoring Service of Russia.

ChainCatcher news, cross-border payment platform Fipto has completed a €15 million seed round financing, led by Serena Capital and Motier Ventures. Fipto plans to use this round of financing to further develop its platform, providing integrated payment and financial solutions that enable businesses to leverage the advantages of blockchain to exchange and send any currency.

ChainCatcher news, cross-border payment platform Parallax announced the completion of a $4.5 million seed round financing, led by Dragonfly, with participation from Circle Ventures (the issuer of USDC), General Catalyst, gumi Cryptos Capital, Palm Drive Capital, Comma Capital, Firsthand Alliance, as well as angel investors like Balaji and Zach Abrams. The new funds will be used to continue expanding the team and business scale.Parallax's initial product allows users outside the United States to open virtual dollar accounts, enabling them to receive dollars using just their passports. The team is building and expanding stablecoin cross-border payment capabilities.