Parallax Labs
Latest round
- Seed
Last raised
- Sep 2023
Total raised
- $4.5M
Investors
- 7
About Parallax Labs
a. Parallax is a blockchain-powered money remittance company that helps remote workers and freelancers get paid from abroad. The company provides a cross-border payment system that can be used for stablecoin, crypto, or traditional currencies. The company provides a financial service platform that allows users to earn and spend their money globally by leveraging modern technology and blockchain. The platform allows users to open an FDIC-insured account in USD and receive payments globally in USD for free, convert into other tokens or local currencies, keep their balance in dollars, and protect against the devaluation of other currencies.9–1% fee for processing conversions. The company also plans to expand into other use cases, like remittances for migrant workers.
Who invested in Parallax Labs
7 investors across 1 round
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Funding rounds
Seed
Sep 12, 2023
Amount
$4.5M
Investors
Questions about Parallax Labs
Who invested in Parallax Labs?
Parallax Labs has 7 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Parallax Labs raised?
Parallax Labs has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Parallax Labs last raise money?
Parallax Labs's most recent round on record is a Seed, in Sep 2023.
What does Parallax Labs do?
Parallax Labs is a financial services company.
Where is Parallax Labs headquartered?
Parallax Labs is headquartered in New York, US.
Which VCs invest in companies like Parallax Labs?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Parallax Labs's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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