Flexa, a NYC-based payment network uniting retail and blockchain technologies, raised $14.1m in funding.
The round was led by Pantera Capital, 1kx, Nima Capital, Access Ventures, and other strategic partners.
The company intends to use the funds to continue to develop its network infrastructure to support its retail network and strategic partners.
Founded in 2018 by Tyler Spalding, Trevor Filter, Zachary Kilgore, and Daniel McCabe, Flexa operates a network that enables retailers to take control of their own payments by reducing costs, overhead, and fraud through blockchain-based settlement. The company’s upcoming mobile app also allows customers to make practical use of the cryptocurrencies they already own, uncovering the hundreds of billions of dollars stored in the global crypto ecosystem.
Flexa will announce a major product rollout in May, at the Consensus conference in New York City.