Blockchain Startup Flexa And Horizen Labs To Raise Funds In Funding Rounds

Flexa is a New York-based blockchain startup who has raised about $14.1 million in a funding round. Pantera Capital along with other investors like Access Ventures, 1kx and Nima Capital led the funding round.

The startup has a payment network called Flexa network. Retailers can control their own payments through the payment network. The startup provides a frictionless, instantaneous, and reliable blockchain technology-based settlement to help the retailers in minimizing costs, overhead, and fraud. Flexa will soon launch an app. Customers can use the app for cryptocurrencies usage.

The Co-Founder and CEO of Flexa Tyler Spalding said, “With this funding, we’ll continue to develop our network infrastructure to support our retail network and strategic partners.”

He added, “The anti-fraud and cost benefits of global cryptocurrency payments are enormous, but there are many barriers to mainstream adoption for merchants and consumers alike. Flexa’s going to change that, and very quickly.”

Horizen Labs is an Austin-based blockchain startup who has raised about $4 million in a seed funding round. Liberty City Ventures along with Digital Currency Group and other independent investors led the funding round.

The CEO at Horizen Labs Robert Viglione said, “We have seen considerable demand from customers and businesses for custom blockchain solutions that are not expensive and time-consuming to build. Through Horizen Labs’ proprietary Sidechain-as-a-Service platform, we aim to let companies benefit from the high-level security of Horizen, a privacy-focused blockchain platform with the largest node network in the industry. Our platform removes development obstacles and offers fast, simplified deployment and integration, as well as pre-built functional sidechains.”

Horizen Labs has a team of experts from blockchain, engineering, business development, marketing, infrastructure, legal, etc. The Co-founder and the Chief Executive Officer (CEO) Rob Viglione and the Chief Operating Officer (COO) Dean Steinbeck (COO) lead the team. They both take help from the Chief Strategy Officer (CSO) Liat Aaronson, the Chief Architect (CA) Alberto, the Vice President (VP) of Sales and Engineering Maurizio and the Senior Vice President (SVP) of Product & Engineering Rosario Pabst in order to lead the team, Medium reported.

The blockchain startup Flexa is created for facilitating payments between buyers and sellers. It was launched in 2018. Trevor Filter, Daniel McCabe, Tyler Spalding, and Zachary Kilgore are the co-founders of Flexa, PR Newswire reported.

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