Impact startupFinancial inclusionSeries A
Tempo
Tempo is a blockchain built for stablecoin financial products. Stripe and Paradigm incubated it. It raised a $500 million Series A round that valued it at around $5 billion.
Leads the Tempo initiative; Paradigm co-founder
Matt Huang
Who it reaches
Financial products for global payments, stablecoin accounts and institutional settlement, built on the Tempo blockchain.
Key facts
- Series A
- $500 million, led by Thrive Capital and Greenoakssource
- Valuation
- Around $5 billionsource
- Other Series A investors
- Sequoia Capital, Ribbit Capital and SV Angel; Stripe and Paradigm did not contribute to the roundsource
- Product
- Build global payments, stablecoin accounts, and institutional settlementsource
WYDE coverage of Tempo
Sources
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