Crypto neobank Shield has successfully closed a $5 million seed funding round, spearheaded by Giant Ventures. The round also saw participation from a16z's Chris Dixon, Factor Capital, Coinbase, and Bank of America as strategic angel investors. Shield, which pivoted to the payments sector in 2024, facilitates cross-border transactions for importers and exporters using US cryptocurrencies and offers compliance review services. With this latest funding, Shield has raised a total of $7 million to date. The company plans to use the new capital to forge additional banking partnerships and enhance its compliance offerings, although it has not disclosed the names of two major banks it is already collaborating with.