Range completes $8.3 million Series A funding round, with TX Ventures and others participating

Comparing news, the stablecoin and fiat financial infrastructure platform Range completed Series A financing of 8.3 million US dollars, with a cumulative financing amount of 11 million US dollars. This round of financing was oversubscribed. Investors include traditional fintech funds TX Ventures, SixThirty, and cryptographic native funds Maven 11 Capital and Onigiri Capital.

Range said its platform is aimed at businesses operating using both stablecoin and fiat channels, and its products include both UNIFY and PROTECT. UNIFY is used to integrate various sources of funds such as digital assets and bank balances to form a unified record system; PROTECT checks transactions for risk, compliance, and business policies before funds are transferred.

Range said its platform currently protects more than $30 billion in customer assets, has more than 10,000 bank, custodian and wallet integrations, monitors more than 200 networks and 100 stablecoins in real time, tracks 99.41% of stablecoin payments, and screens tens of billions of dollars in payments every month. Its customers include Circle, Solana Foundation, Stellar, Squads, and Jupiter.