Stablecoin startup Payy has successfully raised $6 million in a seed funding round. The company is focused on developing solutions for private transactions. The funding initiative was led by FirstMark Capital, an investment firm known for its early backing of significant tech companies like Airbnb, Shopify, and Pinterest. The round also saw participation from other notable investors, including Robot Ventures and DBA Crypto. This investment provides Payy with capital to advance its work in the private stablecoin sector.

Stablecoin startup Payy has successfully raised $6 million in a seed funding round. The company is focused on developing solutions for private transactions. The funding initiative was led by FirstMark Capital, an investment firm known for its early backing of significant tech companies like Airbnb, Shopify, and Pinterest. The round also saw participation from other notable investors, including Robot Ventures and DBA Crypto. This investment provides Payy with capital to advance its work in the private stablecoin sector.