TechFlow news: Web3 banking-as-a-service platform Fiat Republic has raised $7 million in an extended seed funding round. This round marks Kraken Ventures' first investment (known for supporting Shield and Rally), alongside Fabric Ventures, Arca, Inovo.vc, Pretiosum Ventures, as well as existing investors Speedinvest, Credo Ventures, and Seedcamp.
The funds will drive the company’s growth and expansion, supporting key initiatives such as strategic hiring, strengthening bank partnerships, and entering new markets.
Notably, Fiat Republic is forming a consortium of crypto platforms to secure strong representation within regulatory bodies, aiming to lead in setting asset class standards and shifting perceptions among traditional financial institutions.
