FinTax, a crypto native financial platform, has completed a seed funding round led by YZi Labs through EASY Residence, with participation from other investors, including Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings.

 

Although the amount raised has yet to be disclosed, FinTax now has a post money valuation of $40 million. According to the FinTax team, the new funding will be used to expand the company’s global coverage and further develop its use of AI for complex financial and tax workflows.

 

 

Despite primarily offering crypto native solutions, such as a crypto asset financial ERP, a global tax compliance platform, a blockchain audit platform, and an institutional grade financial product aggregation hub, AI remains at the core of FinTax’s operations.

 

With the new funding, the FinTax team plans to expand beyond Asia Pacific and North America into Europe and the Middle East. The company currently serves more than 70 institutional clients, including crypto exchanges, mining companies, and publicly listed crypto companies, while claiming an annual client retention rate of nearly 90%.

 

In a separate development in the crypto funding sector, crypto project City Protocol also raised $11 million in a funding round that included Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, and Mirana.

 

The funding will be used to expand the city protocol’s tokenization efforts, including its plan to bring structured investment strategies on-chain.

 

Crypto funding continues to attract significant interest from venture capital firms looking to invest in crypto startups and companies with strong growth potential. According to a recent report from The Block, more than $8.1 billion has been invested in the sector this year alone.