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Tweed Raises $4M in Seed Funding

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Tweed

Tweed, a Tel Aviv, Israel and NYC-based provider of a plug and play white-label wallet and payment solution, raised $4M in Seed funding.

The round was led by Accel with participation from Communitas Capital Partners, Zero Knowledge Ventures, Nicolas Julia, Mike Vaughan, Ameet Patel and Crist√≥bal Conde. 

The company intends to use the funds to further accelerate hiring and improve the platform’s offerings.

Founded in 2022 by CEO Michelle Latzer (ex-Google tech infrastructure), CPO Julie Tauber (ex-Mastercard) and CTO Udi Hakim (ex-Cymotive/IDF), Tweed is a plug & play white-label wallet and payment solution that powers platforms entering the web3 space. The company currently offers a developer-friendly, white-label, and self-custodial wallet to help brands working in different areas, from gaming to retail and marketplaces, onboard users faster and securely, without regulatory licensing.

Tweed’s SDKs are also developer-friendly as they integrate into existing sign up/login processes (e.g. social logins), without requiring extra steps for the user. Brands stay in full control of the user interface, and can create experiences and user journeys that best suit their customers. Features on Tweed’s SDK are fully customizable and currently supported on EVM chains as well as Tezos, with several others coming soon.¬†

The company was , with the team based between New York and Tel Aviv. The investment will be used to further accelerate hiring and improve the platform’s offerings.

FinSMEs

09/03/2023

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