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Coinbase and Y Combinator-backed startup Multis raises $2.2 million in seed round

Saniya More
·1 min read

Business banking startup Multis has raised $2.2 million in its seed round with investors including White Star Capital, Y Combinator and Coinbase Ventures.

The French company confirmed the news in a tweet on Tuesday. The startup aims to create business accounts that will allow users to store, transfer and receive cryptocurrencies.

According to a blog post by the company earlier this month, Multis banking accounts are being built on the Ethereum blockchain and are non-custodial, meaning users can access their funds at any point.

Multis representatives said the startup will use the funding to "bridge crypto with USD & EUR to build the future of business banking," by integrating traditional currency features onto the platform.


© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.