Coinbase and Y Combinator-backed startup Multis raises $2.2 million in seed round
Business banking startup Multis has raised $2.2 million in its seed round with investors including White Star Capital, Y Combinator and Coinbase Ventures.
The French company confirmed the news in a tweet on Tuesday. The startup aims to create business accounts that will allow users to store, transfer and receive cryptocurrencies.
According to a blog post by the company earlier this month, Multis banking accounts are being built on the Ethereum blockchain and are non-custodial, meaning users can access their funds at any point.
Multis representatives said the startup will use the funding to "bridge crypto with USD & EUR to build the future of business banking," by integrating traditional currency features onto the platform.
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Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.
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