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CFX Labs

https://www.cfxlabs.com/
Last activity: 15.01.2025
Active
Categories: E-commerceExchangeFinTechInternetLocalNetworksOnlineServiceVirtualWeb
CFX is an early stage innovator in global money movement. The company enables individuals and businesses to move seamlessly between digital assets and local currency as part of its decentralized global payment gateway and network of payment networks. Its mission is to reward 5.3B world wide web users with digital coupons for online payments and digital remittance. CFX is a licensed, registered, and regulated issuer exporter of electronic P2P cash in partnership with its FDIC Member Bank investor serving as USD custodian. CFX supports cross-border P2P and B2B2C payments via API and the Solana blockchain. Currently operational in all U.S. states, and integrated with Central Bank real-time payment networks in the U.S, Mexico and Brazil, as well as securing key partnerships to offer its services at 20,000+ U.S. national chain retailers (Walmart, CVS, Walgreens, Dollar General) and foreign P2P networks in 190+ countries including 100+ real-time markets in the future. The company’s ability to generate yield on USD deposits that collateralize its stablecoin, MOVEUSD, enable rewards and incentives for network participants, and category leading operating margins. The platform provides essential services for KYC and international compliance without foreign customers needing US banking relationships enabling the network to grow rapidly through partnership with fintech and financial institutions seeking to originate flow from the U.S. for remittances, B2B marketplace, and E-Commerce payments.
Website visits
2.2K /mo.
Mentions
5
Total raised: $9.5M

Investors 4

Funding Rounds 1

DateSeriesAmountInvestors
16.11.2023Seed$9.5M-

Mentions in press and media 5

DateTitleDescription
16.11.2023Chicago fintech startup CFX Labs raises $9.5 million to help migrant workers send money home-
15.11.2023CFX Labs Closes $9.5M Seed Funding RoundCFX Labs, a Chicago, IL-based payment network company, raised $9.5M in Seed funding. Backers included Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Hard Yaka, Kraken Ventures, New Form Capital, Metropolitan Capital Bank ...
-CFX Labs“Technology, relationships, and compliance leadership in service of consumer safety & protection.”
-Manage your consent preferences Chicago fintech startup CFX Labs raises $9.5 million to help migrant workers send money home-
-CFX Labs: Fintech Innovation Company Raises $9.5 MillionCFX Labs – a future leader in monetizing rapid and secure international payments markets currently operating a nationwide payment network – recently announced it has raised $9.5 million in seed funding. And CFX Labs raised funds from a dive...

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