Cyclops Raises $20 Million Series A Led by Nava Ventures to Expand Stablecoin Payments Platform

Exclusive: Cyclops raises $20 million to help payment companies settle faster with stablecoins

The Miami-based startup, whose clients include MasterCard, raised a Series A led by Nava Ventures.

Cyclops Raises $20 Million Series A Led by Nava Ventures to Expand Stablecoin Payments Platform

Cyclops has raised a $20 million Series A financing led by Nava Ventures to accelerate the development of its stablecoin infrastructure platform, expand global licensing and grow its commercial team as demand for blockchain-based payment solutions continues to increase. The funding round included participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures and Global PayTech Ventures, the investment firm led by former M…

Cyclops raises $20M to build the missing link in stablecoin payments

For years, stablecoins have been pitched as the future of moving money. The technology promises faster settlements, lower costs, and payments that don’t stop when banks close. Yet for many of the world’s largest payment companies, putting that vision into practice has been far more complicated than advertised. Miami-based Cyclops thinks the problem isn’t the plumbing. The fintech announced a $20 million Series A round led by Nava Ventures, with …