Code Raises $6.5m in Seed Funding

Code, a Canadian provider of a payments platform that makes it simple for web developers to accept small payments from users globally, raised $6.5m in seed funding

The round was co-led by M13 and Union Square Ventures with participation from Balaji Srinivasan, Roham Gharegozlou, Anatoly Yakovenko, Raj Gokal, Mert Mumtaz, and others.

The company intends to use the funds to accelerate the growth of its new global payments platform.

Founded by Ted Livingston, Code is a mobile wallet app that enables users to make and receive micropayments instantly in over 100 currencies. It enables users get the benefits of self custodial crypto (open, global, secure), without any of the complexity (managing private keys, gas fees, and slow or failed transactions). Code is built on the Solana blockchain, and uses the Code Sequencer to deliver a payments experience that is instant, global, and private.