Pieverse, a company specializing in creating payment and compliance infrastructure for Web3, has announced the raising of $7 million in a strategic funding round.
This is reported by Business • Media
Strategic Funding and Key Investors
The investment round was led by renowned venture funds Animoca Brands and UOB Ventures. Other investors included 10K Ventures, Signum Capital, Morningstar Ventures, SeraFund, 0xUndefined, and Sonic SVM.
“The Pieverse project, which is developing payment and compliance infrastructure for Web3, has raised $7 million in a strategic funding round.”
Development Plans and Platform Functionality
The funds raised will be directed by the Pieverse team towards scaling their protocol, expanding the global team, and integrating with cross-chain infrastructure. The Pieverse service is positioned as a provider of solutions for transparent and regulatory-compliant transactions in the Web3 environment. A key feature of the platform is the ability to secure transaction values using verified on-chain receipts and invoices.
It is worth noting that other notable deals have previously emerged in the digital finance market: for instance, the neobank Pave Bank, which combines traditional banking services with infrastructure for digital assets, raised $39 million in a Series A round involving Accel and Tether.