Nilos, the platform that connects fiat and cryptocurrency accounts, has raised $5.2 million in funding for its platform that allows businesses to take crypto for payment. The money will be used to expand the sales and marketing staff, as well as fuel customer acquisition across Europe. Major investors in the fintech and cryptocurrency space, including Mensch Capital Partners, Fabric Ventures, and Viola Ventures, led the investment. Businesses will be able to centralize all of their treasury operations, with Nilos offering a one-stop shop for connecting cryptocurrency wallets, corporate bank accounts, and/or payment service providers, as well as tracking revenues and seamlessly reconciling money flows.
Nilos Nets $5.2M to Build Platform That Unifies Crypto and Fiat Treasuries for Businesses