Multis announced a $2.2M Seed Round backed by White Star Capital, Y Combinator, Coinbase Ventures, eFounders

Multis, a Paris, France-based developer of a cryptobank service for companies, announced closing a $2.2M seed investment round.

The money was raised from investors including Y Combinator, White Star Capital, eFounders, Digital Currency Group, Monday Capital, Greenfield One, Coinbase Ventures.

Multis, founded in 2018 and led by CEO Thibaut Sahaghian, is building a financial service that could act as a bridge between fiat currencies and cryptocurrencies.

The company developed a multisignature Ethereum wallet based on which it designed financial flows using ERC20 tokens. The objective is to help customers working on blockchain products, generating revenue in cryptocurrencies or paying people using stablecoins, as it targets multiple office firms looking to save money on intercompany fees.