Seismic Secures $10M to Enhance Fintech Data Protection
- Seismic raised $10 million in funding led by a16z crypto, with participation from Polychain and Amber Group.
- The startup has partnered with Brookwell to facilitate secure transactions using stablecoins.
- Seismic plans to introduce new fiat and cryptocurrency payment channels soon.
- The company aims to generate revenue in the first quarter of next year through a one-cent transaction fee.
- Lairon Ko Ting Keh, Seismic’s founder, envisions the firm as essential infrastructure for fintech data security.
Seismic’s recent funding round underscores a growing trend in the cryptocurrency sector focused on enhancing security amidst rising data breach concerns. The collaboration with Brookwell highlights the startup’s commitment to providing secure transaction solutions.
With the $10 million raised, Seismic is poised to significantly expand its offerings in fintech security solutions while aiming for early revenue generation through transaction fees.
