Diagonal Finance
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Diagonal Finance - overview
Location
New York, NY, US
Primary Industry
Financial Services
About
Based in NY, US, and founded by Tony Rosler, Diagonal Finance operates as a developer of a payments platform on Ethereum. In March 2022, Diagonal Finance raised USD 2. 5 million in venture funding from investors Mechanism Capital, Coinbase Ventures, Founder Collective, Gmoney NFT, Kaito, MetaCartel Ventures, Portal Ventures, and The LAO I, LLC. Diagonal Finance develops a platform for Web 3 companies to process subscriptions.
The company's platform connects wallets, processing payments, handles accounting, and sends subscription notifications to customers. The company's platform enables Ethereum-based apps to initiate streams of payment between parties that settle with limited transaction or gas fees. The company plans to use the funds to expand its team and develop a public beta to initially release on Ethereum layer 2 blockchains Polygon, Arbitrum, and Optimism. The company also plans to establish a decentralized autonomous organization (DAO) to handle protocol governance.
Current Investors
Founder Collective, Coinbase Ventures, MetaCartel Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.diagonal.finance
Verticals
Blockchain, FinTech
Company Stage
Early Stage
Total Amount Raised
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