RATE Group | TRM Labs, the first cryptocurrency risk management platform, raises $4.2 million in fund…
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TRM Labs, the first cryptocurrency risk management platform, raises $4.2 million in fund…

19 Nov TRM Labs, the first cryptocurrency risk management platform, raises $4.2 million in fund…

Posted at 13:19h in Cryptocurrency News by

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TRM helps financial institutions prevent cryptocurrency fraud and money laundering, enabling them to meet regulatory requirements and embrace cryptocurrency-related products & partnerships.

SAN FRANCISCO, Nov. 19, 2019 /PRNewswire/ — TRM, the cryptocurrency compliance and risk management platform, today announced that it has secured $4.2 million in funding from Initialized Capital, Blockchain Capital, PayPal Ventures, and Y Combinator, bringing the total raised in its seed round to $5.9 million.

“At TRM, we are fueled by a fundamental belief that cryptocurrency and blockchain can democratize access to financial services and empower billions of people,” said Esteban Castaño, co-founder and CEO of TRM Labs. “By building solutions to prevent cryptocurrency fraud and financial crime, we enable this vision and build a safer financial system for billions of people.”

The growth of cryptocurrencies is a global phenomenon and brings both opportunities and new risks to financial…

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