Business Wire
The raise, led by 1kx, coincides with the launch of new product features and capabilities
Stackup, the digital asset management platform designed to streamline crypto operations for crypto businesses, announced that it has secured $4.2 million in seed funding. The round was led by 1kx, with participation from Y Combinator, Goodwater Capital, Soma Capital, Amino Capital, and Digital Currency Group (DCG). The investment will accelerate the development of the Stackup platform, allowing the team to continue developing solutions that simplify crypto operations for businesses.
Coinciding with the influx of new capital, Stackup has launched a new direct banking integration feature that directly addresses the fragmentation between traditional and crypto operations. Businesses can now connect their bank accounts to their Stackup wallet, enabling seamless, non-custodial ACH transfers between their bank and wallet within their existing payment workflows. This solves a critical pain point for companies forced to juggle between two parallel financial systems: traditional banking for crypto operations and separate crypto platforms for on-chain activity. Stackup’s solution creates one system for all financial operations, without giving up control of your assets to third parties.
Read More on Fintech : The End of AI’s Wild West: How New Regulations Will Reshape Financial Services in 2025
“Our mission at Stackup is to provide businesses with the tools they need to manage their digital assets with the same level of efficiency and control they expect from traditional financial systems,” said John Rising, co-founder and CEO of Stackup. “This funding gives us the ability to eliminate operational inefficiencies that have historically hindered the adoption and growth of this industry. We’re empowering businesses to streamline their financial operations and workflows, allowing them to focus on growth without compromising on security or control of their assets.”
Additionally, Stackup has expanded its support blockchains to include Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BSC. This feature unlocks businesses operating across multiple blockchains. Previously, businesses were forced to manage separate wallets and manually bridge assets between chains, creating a process that was both time-consuming and error-prone. With Stackup, businesses can manage their multi-chain operations from one platform, moving assets seamlessly without external bridges or multiple wallet setups.
“Crypto businesses have largely struggled to address their operational needs due to the unique burden of managing assets on multiple chains,” said Nichanan Kesonpat of 1kx. “Stackup is addressing those critical pain points and enabling businesses to take control of their funds in one seamless, secure, and scalable platform.”
The Stackup platform has evolved significantly since its inception in 2021. The platform played a crucial role in building wallet infrastructure for major industry players like Coinbase and TrustWallet. This foundational experience in enterprise-grade wallet infrastructure informed Stackup’s current model of providing a comprehensive digital asset management platform directly to businesses. Today, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease.
Catch more Fintech Insights : AI is Making Accounting and Finance Faster, Smarter and More Valuable
[To share your insights with us, please write to psen@itechseries.com ]
