Tempo, a payment blockchain initiative backed by Stripe and Paradigm, has led a $25 million funding round for crypto infrastructure firm Commonware. This marks Tempo's first strategic investment, aiming to enhance blockchain payment processing speeds in collaboration with Commonware. The funding round significantly increased Commonware's valuation from its previous $63 million seed round. Founded in 2024, Commonware operates with just seven employees and serves four clients, each generating over $1 million annually through its open-source blockchain deployment services.
Stripe-Backed Tempo Leads $25M Funding Round for Commonware
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