AllScale attracts $5 million in seed funding led by YZi Labs
AllScale successfully raised 5 million dollars in a seed funding round led by YZi Labs, with additional investments from Informed Ventures and Generative Ventures. The company, positioning itself as a neo-bank with a stablecoin and self-custody, aims to serve micro-enterprises and freelancers around the world by offering tools for payments, invoicing, and settlements in stablecoins. The platform includes account abstraction, financial assistance based on large language models (LLM), a wallet with access keys, and a multi-chain payment service providing zero gas fees and low latency. AllScale is integrated with BNB Chain and a highly efficient Layer 2 architecture, with plans to expand into Latin America in the next quarter. Additionally, the company has partnered with the African freelancer community to broaden its global reach.
$STABLE
