Versal
Latest round
- Seed
Last raised
- Oct 2023
Total raised
- $1.7M
Investors
- 1
About Versal
Founded in 2020 in Gilroy, US, Versal specializes in providing modular platforms for digital asset management.Versal offers a comprehensive infrastructure designed for the seamless movement of digital assets, primarily through its modular platform that enables enterprise-grade payment flows utilizing stablecoins. The core offerings include liquidity solutions for faster cross-border transactions, a vault service for customer wallet management using MPC-powered technology, and a payments system that facilitates crypto transactions settled in preferred currencies. These products aim to streamline settlement times, reduce banking costs, and broaden payment options for businesses across various sectors, including banks, fintech companies, payment service providers, custodians, and wallet providers.Versal's revenue model is built around a combination of subscription-based services and transactional fees associated with its digital asset infrastructure. Clients, including financial institutions and payment service providers, engage with the platform to implement customized payment solutions that integrate seamlessly with their existing systems. In a typical transaction scenario, a financial institution would utilize Versal's liquidity services to convert currencies and settle payments, potentially incurring fees that vary based on the volume and complexity of the transaction. Additionally, the vault service may operate on a subscription basis, providing customers with secure wallet management tools tailored to their operational needs. Upcoming products include advanced liquidity solutions aimed for release in late 2023, targeting financial institutions in Europe and Asia for market expansion. Versal's strategy focuses on optimizing its services to adapt to diverse client needs, facilitating greater access to digital asset transactions.
Who invested in Versal
1 investor across 1 round
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Funding rounds
Seed
Oct 30, 2023
Amount
$1.7M
Investors
Questions about Versal
Who invested in Versal?
Versal has 1 investor 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 Versal raised?
Versal has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Versal last raise money?
Versal's most recent round on record is a Seed, in Oct 2023.
What does Versal do?
Founded in 2020 in Gilroy, US, Versal specializes in providing modular platforms for digital asset management.
Where is Versal headquartered?
Versal is headquartered in Gilroy, US.
Which VCs invest in companies like Versal?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Versal's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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