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Stablecoin startup Payy completes $6 million seed round funding, led by FirstMark Capital
ChainCatcher reports that stablecoin startup Payy has completed a $6 million seed round funding, led by FirstMark Capital with participation from Robot Ventures and DBA Crypto. The funding was conducted through a SAFE agreement with warrants for tokens, and this round was completed in December 2022. With this, Payy’s total funding has reached $8 million.
Originally named Polybase, Payy is a Web3 database project that rebranded in 2023 to become a stablecoin payment platform.