Parfin Secures $10 Million in Funding for Crypto Infrastructure Expansion
CryptoNewsTerminal Staff14 Aug, 2024
Parfin Secures $10 Million in Funding for Crypto Infrastructure Expansion
Parfin, a leading crypto infrastructure company, has successfully raised $10 million in Series A funding. The round was led by ParaFi Capital, with Framework Ventures, L4 Venture Builder, and Núcleo also contributing. Parfin's mission is to create a comprehensive suite of tools and services to facilitate the growth of the crypto ecosystem. The company's flagship product, Rayls, is a novel set of rails that simplifies the development and deployment of crypto products. Additionally, Parfin offers a stablecoin, as well as on- and off-ramp services. This funding will primarily be used to support Parfin's expansion into Latin America, a region with immense potential for crypto adoption. The company plans to establish new offices, hire additional staff, and broaden its product offerings to meet the specific needs of the region. Parfin's success in securing this funding is a testament to its expertise and vision in the crypto space. The company's innovative solutions address critical challenges, and its expansion into Latin America is a strategic move that will significantly contribute to the growth of the crypto ecosystem in the region.
