TechFlow news, September 22 — According to TechCrunch, crypto-powered neobank Shield announced it has raised $5 million in seed funding led by Giant Ventures. Other investors in this round include a16z Crypto Startup Accelerator, Factor Capital, and strategic angel investors Coinbase and Bank of America. Shield has now raised a total of $7 million to date.
Founded in 2022, Shield pivoted to payments in 2024. The company offers USD cryptocurrency cross-border transaction services for importers and exporters, along with compliance screening including sanctions and anti-money laundering threat detection. It is registered as a money services business in the United States and as a cryptocurrency exchange in the European Union.
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