Stackup, an operational infrastructure fintech for crypto businesses, has closed $4.2 million in a pre-seed funding round. This funding will allow Stackup to remove operational friction, scale to more supported blockchains, and empower more businesses to get back to building.

1kx also participated in the round. Major investments were made by Y Combinator, Goodwater Capital, Soma Capital, Amino Capital and Digital Currency Group. Together, these investments underscore the increasing acknowledgment of the necessity for effective operational tools in the fast-paced cryptocurrency landscape.

Now armed with the additional capital, Stackup aims to expand its support beyond just Ethereum to other popular blockchains. Supported blockchains are Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche and BSC. This expansion provides an end-to-end solution for enterprises that have a multi-chain strategy. It makes their day-to-day operations smooth and safe.

"This funding gives us the ability to eliminate operational inefficiencies that have historically hindered the adoption and growth of this industry." - John Rising

Stackup’s collaborative operating platform is built to help fund and tech companies like yours take control of their financial operations and workflows. By streamlining onboarding and compliance and protecting organizations with a transparent security stack, Stackup allows companies to focus on their core business and maximize success. The platform features automated transaction management and transaction monitor with advanced security protocols. In addition to that it provides customizable workflows tailored to the specialized needs of crypto firms.

"We're empowering businesses to streamline their financial operations and workflows, allowing them to focus on growth without compromising on security or control of their assets." - John Rising