Swiss banking platform Arf raised USD 13 million in equity and debt financing

Arf has raised USD 13 million in equity and debt financing in a seed round from investors across Web3 and institutional finance space, including Circle Ventures, Hard Yaka, United Overseas Bank Venture Management, Signum Capital, and Stellar Development Foundation.

The firm intends to use the cash injection to further develop its blockchain-based technology to provide global treasury management and working capital credit lines for financial institutions and licensed money service businesses alike operating in the cross-border payments industry.

We are delighted to see prominent Web3 and institutional finance investors validate our vision and join forces with us

Arf CEO Ali Erhat Nalbant

Arf recently received the approval of the Financial Services Standard Association (VQF) and opened a new office in Zug. It also announced the launch of Arf Credit Line in April, which provides money service businesses instant access to transactional working capital credit lines.

SEE ALSO: Tink closes €85 million investment round extension

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