Global Settlement Banking Platform Arf Closes $13 Million Round with Circle Ventures Involved

Global settlement banking platform Arf closed a $13 million round of funding with participation from Circle Ventures, Stellar Development Foundation (SDF), Signum Capital, Blockchain Founders Fund and others. The funds raised will be used to further develop its blockchain-based technology to provide global treasury management and working capital credit lines for financial institutions and licensed money service businesses alike operating in the cross-border payments industry.

Arf recently received the approval of the Financial Services Standard Association (VQF). Arf also announced the launch of Arf Credit Line in April, which provides money service businesses instant access to transactional working capital credit lines, and allows any corridor to be post-funded in real-time.