<a href="https://www.request.finance/" target="_blank" rel="noopener">Request Finance</a>, a crypto payments startup, has raised funding worth $5.5 million in a seed round led by venture capital firm Balderton Capital and gaming firm Animoca Brands. VCs and angel investors, including Aave founder Stani Kulechov and Sebastian Borget, co-founder of The Sandbox, showed interest in the venture, which streamlines and automates invoicing costs and payroll for both centralized and decentralized businesses. Request Finance envisions itself as a "web3 Bill.com" — a crypto-native invoicing solution with on-chain payment confirmations and market-rate coin exchange rates, according to Founder and CEO Christophe Lassuyt.
<h2><span style="font-weight: normal">New Funding Will Help Improve its in-App Features</span></h2>
Request Finance expects the new funding to help it improve its in-app features and expand its team to capture a larger portion of the booming crypto payments market. According to a blockchain data platform Chainalysis, the global volume of cryptocurrency transactions increased by 567 percent from 2020 to reach $15.8 trillion in 2021. <a href="https://www.cryptoknowmics.com/news/animoca-brands-investment-portfolio-now-worth-over-1-5b/">Animoca Brands</a>' executive chairman and co-founder, Yat Siu, said,

<em>"The services provided by Request Finance allow Web3 projects - including some Animoca Brands companies - to save time and effort on crypto payments. We believe the company has a significant potential for growth and expansion."</em>
<h2><span style="font-weight: normal">Simplifying Crypto Payments for Businesses</span></h2>
Since its inception in January 2021, the app has processed $203 million in bitcoin invoicing. For more than 2,000 Web3 teams, Request Finance streamlines and automates invoicing costs, payroll, and accounting in crypto. Sebastien Borget, Co-Founder and COO of metaverse giant, The Sandbox, who personally backed the company's seed round, said:

<em>"We've been looking for a robust solution to enable crypto payments for the hundreds of invoices, salaries and various expenses generated through our activity each month. Request Finance has been the go-to solution that delivered above our expectations and scales as The Sandbox keeps expanding the open metaverse."</em>

It all started with a simple idea: give businesses a better way to pay and be paid in crypto.

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Request Finance Receives Funding Worth $5.5 Million from Balderton and Animoca Brands

Request Finance, a crypto payments startup, has raised funding worth $5.5 million in a seed round led by Balderton Capital and Animoca Brands

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Request Finance Receives Funding Worth $5.5 Million from Balderton and Animoca Brands

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