Web3 financial services company Fiat Republic has completed a $7 million seed round of financing, with participation from Kraken Ventures and others.

BlockBeats reported on December 19th that Web3 financial services company Fiat Republic has completed a $7 million seed round of financing, with participation from Kraken Ventures, Fabric Ventures, Arca, Inovo.vc, Pretiosum Ventures, and existing investors Speedinvest, Credo Ventures, and Seedcamp. The new funds will be used to drive growth and expansion, including strategic hiring, strengthening bank partnerships, and expanding into new areas. As previously reported by BlockBeats on June 8th, 2022, Fiat Republic, a Web3 financial services startup, announced the completion of a $2.5 million seed round+ financing, led by Credo Ventures, with participation from SoftBank Investment Advisers' Emerge Program, Connect Ventures, and other strategic crypto platform investors and angels.