Since its launch in 2021, Sardine powers over 50 customers, including neobanks (Brex and Chipper Cash), crypto exchanges (FTX, Luno, and Bakkt), and global NFT and crypto platforms (Abra, Transak, MoonPay, and Candy Digital). Funds will be used for growth, as well as to further product development and hiring aggressively in the coming months.
Additionally, the company announced that it has extended its fraud prevention platform to now allow instant bank ACH transfers for crypto on-ramps. This removes the traditional 3-7 day waiting period for consumers before they gain access to their funds while Sardine assumes all fraud, regulatory compliance, and legal risks.
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