Crypto Software Company OneBalance raises $20 million from Cyber.
OneBalance, a London-based Crypto software company, has raised $20 million from venture capital firms Cyber•Fund and Fund Series A. Blockchain CapitalThe company announced on Wednesday. The round includes participation from Mirana Ventures and L2IV, bringing the company’s total funding to $25 million. OneBalance declined to disclose its assessment for this round.
Founded in 2024, OneBalance aims to build software that is made possible by non-crypton natives Software Engineer Build application CEO Stephane Gosselin says he uses Crypto luck. The company’s main product, launched on Wednesday, is the Toolkit, a collection of software tools and libraries. This allows developers to integrate into their applications, exchanging memokines, exchanging tokens, and promoting the ability to facilitate peer-to-peer payments.
“They (developers) can focus on how they create products and user experiences, but there are reliable ways to transfer, swap and earn revenue,” says Gosselin.
The number of non-cryptic companies is increasing Meta and Google– By integrating Stablecoins integration in some way, Gosselin says software like him will allow companies to easily add blockchain technology to their services.
“They don’t necessarily know if they can do reliability on the chain, and the last thing they want to do is start exposing a lot of that complexity to their users,” Gosselin said.
The toolkit was launched with support Ethereumpolygons, and other Ethereum and virtual machine blockchains. OneBalance introduces support Solana The company said later this month.
OneBalance charges a fee for each transaction processed by the platform that integrates the toolkit, Gosselin said. “When our customers make money, we want to make money,” Gosselin said. “If you monetize and decide to do this, we will maintain a small fee on top of that.”
OneBalance is one of many crypto companies trying to make application development easier. Lown and privyfor example, both offer standard developer kits (SDKs), aimed at making it easier for engineers to integrate Crypto wallet functionality into their applications. Another example is: HeliusA developer platform focused on eliminating the complexity of application engineers trying to build on top of the Solana blockchain.
Gosselin says his company will use the money raised in this round to expand the capabilities of its flagship products by integrating additional blockchain capabilities.
This story was originally introduced Fortune.com