Crypto neobank Shield has completed a 5 million USD seed funding round led by Giant Ventures, attracting significant participation from a16z, Factor Capital, Coinbase, and Bank of America. Total funding raised to date is 7 million USD.
Founded in 2022, Shield shifted its focus to the payments sector in 2024. It aims to facilitate cross-border transactions using US cryptocurrencies while enhancing compliance services and banking partnerships.
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