Meow, a compliant crypto yield offering for corporate treasuries, has scored $22m in a Series A funding round.
The round was headed by Tiger Global and saw participation from QED Investors, FTX and a number of other investors.
Meow provides institutional and corporate investors with a compliant-first approach to participating in emerging cryptocurrency investment opportunities.
Meow claims since its launch earlier this year and previous seed financing, its offering has been rapidly embraced by corporate treasury departments – with the firm growing corporate assets under management to nearly $100m due to rapid adoption of the cash-in-cash-out, short-term high-yield investment opportunities by a range of businesses.
The investment will be used to support the company’s rapid growth with new hires and enhanced product features. The firm also has a number of new product enhancements under development, and plans to launch a GAAP accounting solution as well as rolling out features of a B2B stablecoin suite, including cross-border payment solutions.
Meow CEO and co-founder Brandon Arvanaghi said, “Nobody believed us when we said corporations would want to participate in crypto markets. Access to crypto yield is just the beginning. We’re coming for it all. We’re committed to making Meow the one-stop shop for corporate finance.”
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