4 years ago

Fiat Republic Secures $3.5 Million to Bridge the Gap Between Crypto and Traditional Banks

  • London-based startup Fiat Republic has raised $3.5 million in seed funding to build tools that help cryptocurrency platforms process fiat currencies from banks

  • The company, founded by Adam Bialy in 2021, aims to make it easier for cryptocurrency platforms to access mainstream and local payment networks

  • Fiat Republic plans to use the funding to grow its team, accelerate its regulatory efforts in the UK and EU, and exit beta mode.

      • ProblemFinancial Services

      "Cryptocurrency platforms struggle to connect with traditional banks, making it difficult for them to process fiat currencies and limiting their growth."

      Solution

      "Fiat Republic provides a banking-as-a-service API that bridges the gap between cryptocurrency platforms and banks, enabling seamless and efficient fiat currency processing."

      Covered on