Fractal, a Berlin, Germany-based blockchain technology company which aims to make ICOs compliant and user-friendly, raised a seed funding of undisclosed amount.
Backers included innogy Innovation Hub and coparion.
The company intends to use the funds to invest into its software solutions for identification and payment.
Founded in October 2017 and led by CEO Julian Leitloff and CTO Julio Santos, Fractal builds user-centric and compliant identity and payment solutions for the decentralized web and supports open source blockchain projects to fund the future ecosystem using an initial token launch.
The company is to launch its latest service: Fractal ID. Available as an open Authentication (oAuth) kit for web and app developers, Fractal ID will allow users to log in with one click and instantly share a custom slice of their ID data with a trusted transaction partner.
Registration and usage of the service will be free, and can be used for sharing identity and payment information with a third party or, alternatively, to log in to their favorite DApp.
Fractal is also part of the recent ERC725 Alliance that aims to establish an OpenID standard.
The company has offices in Berlin and Porto and currently has 24 employees.