Cross-border payment platform Parallax closed a $4.5 million seed round led by Dragonfly Capital with participation from Circle Ventures, General Catalyst, gumi Cryptos Capital, Palm Drive Capital, Comma Capital, and others. The funds raised will be used to continue to scale the team and the business.
Parallax specializes in providing freelancers, remote workers and other global professionals better payments for their recurring payroll, invoices and salaries. Its initial product allows users who are outside of the U.S. to open a USD virtual account to receive USD with just their passport. The product is capable of supporting users from more than 150 countries.
In addition, Parallax has introduced the ability to convert U.S. dollars into local currencies, starting with a few select countries and rolling out to more currencies soon.
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
Payment
Fund Raising
Dragonfly
