Stackup, a digital asset management platform aimed at simplifying operations for crypto businesses, has secured $4.2 million in seed funding.
The funding round was led by 1kx, with participation from Y Combinator, Goodwater Capital, Soma Capital, Amino Capital, and Digital Currency Group.
Co-founded by John Rising, a former mission manager at SpaceX, Stackup previously developed wallet infrastructure for major players like Coinbase and TrustWallet before transitioning to a direct digital asset management service for businesses.
With this new capital, Stackup has introduced a direct banking integration feature to bridge the gap between traditional banking and crypto operations. Businesses can now link their bank accounts to their Stackup wallets, facilitating seamless, non-custodial ACH transfers within their existing payment workflows.
Additionally, Stackup has broadened its blockchain support to include Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BSC.
CEO John Rising stated, “This funding allows us to eliminate operational inefficiencies that have historically hindered the growth of this industry. We’re empowering businesses to streamline their financial operations and workflows, enabling them to focus on growth without compromising on security or control of their assets.”