AllScale has successfully raised $5 million in a seed funding round led by YZi Labs, with additional investments from Informed Ventures and Generative Ventures. The company, which positions itself as a self-custodied stablecoin neobank, aims to serve micro-enterprises and freelancers worldwide by offering stablecoin payment, invoicing, and settlement tools.
The platform features account abstraction, LLM financial assistance, a passkey wallet, and a multi-chain paymaster service that provides zero gas fees and low latency. AllScale has integrated with BNB Chain and a high-efficiency Layer 2 architecture, with plans to expand into Latin America next quarter. Additionally, it has formed a partnership with the African freelancer community to enhance its global reach.
AllScale Secures $5 Million Seed Funding Led by YZi Labs
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