PANews reported on November 7th that, according to Fortune magazine, Tempo, a payment blockchain jointly launched by Stripe and Paradigm, has completed its first strategic investment, leading a $25 million funding round for crypto infrastructure company Commonware. As part of the agreement, this Stripe-backed project will collaborate with Commonware to develop faster methods for processing blockchain payments. The founder of Commonware revealed that the valuation in this funding round is a significant increase from the $63 million seed round. This profitable company, founded in 2024, has only seven employees and already boasts four clients through its open-source software services, with each client generating over a million dollars in revenue annually. Its open-source technology helps other companies quickly deploy customized blockchains.PANews reported on November 7th that, according to Fortune magazine, Tempo, a payment blockchain jointly launched by Stripe and Paradigm, has completed its first strategic investment, leading a $25 million funding round for crypto infrastructure company Commonware. As part of the agreement, this Stripe-backed project will collaborate with Commonware to develop faster methods for processing blockchain payments. The founder of Commonware revealed that the valuation in this funding round is a significant increase from the $63 million seed round. This profitable company, founded in 2024, has only seven employees and already boasts four clients through its open-source software services, with each client generating over a million dollars in revenue annually. Its open-source technology helps other companies quickly deploy customized blockchains.
Stripe-backed startup Tempo led a $25 million funding round for crypto infrastructure company Commonware.
PANews reported on November 7th that, according to Fortune magazine, Tempo, a payment blockchain jointly launched by Stripe and Paradigm, has completed its first strategic investment, leading a $25 million funding round for crypto infrastructure company Commonware. As part of the agreement, this Stripe-backed project will collaborate with Commonware to develop faster methods for processing blockchain payments.
The founder of Commonware revealed that the valuation in this funding round is a significant increase from the $63 million seed round. This profitable company, founded in 2024, has only seven employees and already boasts four clients through its open-source software services, with each client generating over a million dollars in revenue annually. Its open-source technology helps other companies quickly deploy customized blockchains.
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