Payment company Kima has completed a $5 million pre-seed funding round, with participation from Outlier Ventures, Blockchange, FinSec Innovation Lab (Mastercard's research accelerator), Big Brain Holdings, Castrum Capital, Kangaroo Capital, and Maven Capital. Kima is building a Web3 decentralized settlement protocol that will bridge traditional financial services such as fiat bank accounts and credit cards with decentralized finance (DeFi) tools.

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<p>DeepTechFlow news, payment company Kima completes a $5 million pre-seed funding round, with participation from Blockchange, FinSec Innovation Lab (the research accelerator under payment giant Mastercard), Outlier Ventures, Blockchange, Big Brain Holdings, Castrum Capital, Kangaroo Capital, and Maven Capital, bringing the total funding of the company to $8 million.</p>
<p>Reportedly, Kima has built a Web3 decentralized settlement protocol that connects traditional financial services such as legal bank accounts and credit cards with decentralized finance (<a href="https://www.theblock.co/learn/245713/why-is-defi-so-important" target="_blank">DeFi</a>) tools.</p>
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Web3 settlement protocol company Kima completes $5 million Pre-Seed funding round