TechFlow news, January 15 — According to citybiz, Reown, a provider of on-chain user experience platforms and builder of the WalletConnect network, announced today it has raised $13 million in a Series B funding round. The round was co-led by Union Square Ventures (USV) and 1kx, with participation from Global Digital Asset Holdings, Shopify Ventures, Kraken Ventures, Crypto.com Capital, and other institutions.
Reown has now raised a total of $38 million to date. The new funds will be used to develop its SDKs—Reown AppKit and Reown WalletKit—to further enhance its on-chain user experience platform, addressing challenges such as enabling crypto subscription payments without requiring custodial accounts. Its current crypto solution clients include financial infrastructure platform Stripe and gift card company Raise.
