Chicago, IL - Coinflow Labs, a leading provider of payment solutions for Web3 companies, announced today that it has raised $1,450,000 in a Pre-Seed funding round. The round was led by Jump Crypto, Reciprocal Ventures, CMT Digital, Digital Currency Group, Gumi Cryptos, Builder Capital, Prompt Ventures, and Blocktech Ventures.

Coinflow Labs was founded in 2022 by Daniel L. with the goal of bridging the gap between traditional payment methods and the growing world of Web3 products. Coinflow's payment solution allows Web3 companies to accept traditional payment methods and payout their customers by converting cryptocurrency to USD in their traditional bank account. The primary use-case for Coinflow is helping games, wallets, and similar Web3 products onboard non-crypto native customers with familiar, more traditional payment flows while Coinflow handles all of the infrastructure behind the scenes.

The funding round will be used to further develop Coinflow's payment solution, expand the company's team, and increase its marketing efforts. The company is already experiencing significant growth and sees a massive opportunity in the Web3 space, which is rapidly evolving and expanding.

"We are thrilled to have such a great group of investors onboard," said Daniel L., co-founder of Coinflow Labs. "Their expertise and support will be invaluable as we continue to build and grow our payment solution for Web3 companies. This funding will allow us to further develop our technology and bring our solution to even more companies looking to bridge the gap between traditional payment methods and the world of Web3."

For more information about Coinflow Labs and its payment solution, visit their website at https://coinflow.cash/.