TechFlow news, on February 8, according to Fortune, Coala Pay, a stablecoin startup connecting humanitarian aid organizations with potential donors, has raised $3.5 million in seed funding. The round was led by Castle Island Ventures, with participation from Lattice Fund, Factor Capital, and the founder of crypto philanthropy platform The Giving Block.
Coala Pay enables cross-border donations using stablecoins, saving up to 25% in transaction fees. The company plans to use the funds to expand its team, hiring staff with experience working at the United Nations and the U.S. government.




