Crypto risk management platform TRM Labs secures USD 4.2 mln from PayPal

Wednesday 20 November 2019 12:37 CET | News

Payment processor PayPal has led a USD 4.2 million funding round for cryptocurrency risk management platform TRM Labs.

According to a TRM Labs’ press release on 19 November, USD 4.2 million was secured in an investment round led by PayPal, with participation from other investors such as Initialized Capital, Blockchain Capital, and Y Combinator. TRM’s new funding will allow the company to grow its engineering and data science teams, expand into new markets, and accelerate product development.

TRM was founded in 2018, and its goal is to support financial institutions across the US, LATAM, Asia, and Europe by measuring, monitoring, and mitigating their crypto risk exposure, meeting regulatory requirements, and helping facilitate their AML compliance.

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Keywords: PayPal, funding round, cryptocurrency, risk management, digital assets, financial institutions, regulations, AML, compliance
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
This article is part of category

Blockchain & Cryptocurrencies