Walapay Secures $4.6M Seed Funding for Global Payments

VERA Brief

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Walapay Inc. has raised $4.6 million in seed funding, led by Generative Ventures. The company plans to use the funds to expand its services, which aim to facilitate near-instant global payments for local businesses using stablecoins.

Key facts

• Walapay Inc. raised $4.6 million in seed funding.
• Generative Ventures led the funding round.
• Walapay's services aim to provide local businesses with global payment capabilities.
• The company utilizes stablecoins for account issuance and payouts.
• The funding will support the expansion of services for faster cross-border transactions.