Square, Ideo Colab Ventures and CMT Digital helped the financial settlement platform developer hike its overall funding to over $22m.

US-based cryptographic settlement technology developer Transparent Financial Systems has raised more than $14m in a series A round featuring digital payment technology provider Square, The Block reported yesterday.

Pantera Capital led the round, which included consulting firm Ideo’s Colab Ventures fund, crypto trading platform CMT Digital, Future\Perfect Ventures and Digital Currency Group, and which came in the wake of $8m in seed capital from Vulcan Capital in July 2018.

Founded in early 2018, Transparent has created a decentralised payment settlement…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.