Request Finance Raises USD5.5M in Seed Funding

Request Finance, a Web3 enterprise crypto payments startup, raised $5.5m in seed funding.

Backers included Animoca Brands, Europe’s leading early-stage venture capital investor Balderton Capital, and XAnge, as well as Web3 founders including Sebastien Borget co-founder and COO at The Sandbox, Michael Kong, CEO of Fantom, and Stani Kulechov, founder and CEO of Aave, and Julien Bouteloup, Founder of StakeDAO.

The company intends to use the funds to expand its in-app services, and grow its team.

Launched in January 2021, Request Finance simplifies and automates invoicing, expenses, payroll, and accounting in crypto for more than 2,000 Web3 teams. The self-custodial platform currently supports over 150 tokens and stablecoins on 14 different chains. Approx. $203 million in crypto invoices have been paid in the app with users coming from different Web3 verticals. Notable names include DeFi companies like Aave, metaverse projects like The Sandbox and Decentraland, as well as DAOs like Maker.

The remote-first team currently comprises more than 20 blockchain engineers, UX designers, growth hackers, and support staff working from 12 different countries across Asia and Europe. This includes Singapore, Indonesia, South Korea, the UK, Netherlands, France, Greece, Germany, Portugal, Mauritius, Bulgaria, and North Macedonia.