Fintech startup AllScale announced the completion of a $1.5 million financing round, with participation from institutions such as Amber Group
ChainCatcher news, according to official sources, fintech startup AllScale has announced the completion of a $1.5 million funding round aimed at accelerating the development of its compliance stablecoin solutions for small and medium-sized enterprises, including invoicing, social e-commerce, and payroll services. This round of financing was participated in by institutions such as DraperDragon, Amber Group, Y2Z Capital, KuCoin Ventures, Oak Grove Ventures, Blockbooster, and Movemaker. AllScale is also a member of the Hong Kong Cyberport Incubation Program.AllScale (allscale.io) focuses on bridging the last mile of enterprise-level stablecoin payments, helping businesses to comply, securely, and easily use stablecoins for collection, sales, payroll, and other needs. Currently, the global stablecoin ecosystem is rapidly developing, with the issuance, payment channels, anti-money laundering, and fund flow processes gradually maturing. However, for enterprises, there are still high learning thresholds, high usage costs, high transaction risks, and difficulties in compliance and financial record-keeping. AIIScale focuses on connecting the underlying service providers for each link, providing a one-stop end-to-end tool for enterprise stablecoin scenarios, significantly reducing the difficulty for traditional small and medium-sized enterprises in using stablecoins.