Instant settlement payment provider Coinflow Labs completes $2.25 million financing, led by CMT Digital

BlockBeats news, on May 28, instant settlement payment provider Coinflow Labs completed $2.25 million in financing, led by CMT Digital, with participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Currency Group and several angel investors.

This round of financing follows Coinflow's pre-seed round of financing in early 2023, when most of its investors doubled their investment in the team.

Coinflow Labs' innovative payment infrastructure solutions are designed to shorten the time it takes for merchants to receive payments. Typically, merchants who accept credit cards experience delays of multiple business days before settlement, which puts pressure on their business. Coinflow enables merchants to receive payments instantly. Coinflow offers a comprehensive payment stack, including chargeback-free payment acceptance and instant settlement of stablecoins.

In addition, Coinflow offers an instant funds disbursement product that allows businesses to instantly disburse stablecoin funds to users’ bank accounts using real-time payment channels such as Visa Direct, RTP through clearing houses, and instant SEPA.