2 years ago
Fiat Republic Secures £5.5 Million to Bridge Crypto and Traditional Finance
Fiat Republic, a UK-based banking as a service platform for crypto platforms, has raised £5.5 million in a seed extension round
The company provides banking and payments APIs to help crypto companies integrate fiat flows
The funding will be used to expand its operations and obtain licenses in new jurisdictions.
ProblemTechnology Infrastructure
"Crypto platforms struggle to integrate with traditional banking systems, making it difficult for them to offer seamless fiat currency transactions to their users."
Solution
"Fiat Republic provides a banking-as-a-service platform that connects crypto platforms with traditional banks, enabling them to easily integrate fiat currency transactions into their services."