Zug, Switzerland-based Arf, a cross-border settlement banking platform that uses web3 technologies, announced on Wednesday that it has raised $13M (approximately €13M) in equity and debt financing in a Seed round. Investors across Web3 and institutional finance space, including Coinbase, Solana, FTX, and Kabbage, participated in the round.
Other investors, including Circle Ventures, Stellar Development Foundation (SDF), United Overseas Bank (UOB) Venture Management, Signum Capital, Hard Yaka, NGC Ventures, Blockchain Founders Fund, and 500 Emerging Europe, also participated.
