Tempo, a payments-focused blockchain incubated by Stripe and Paradigm, has raised $500 million in Series A funding at a $5 billion valuation, led by Thrive Capital and Greenoaks with support from Sequoia, Ribbit, and SV Angel. Built as an Ethereum-compatible Layer 1 optimized for high-throughput payments, Tempo works with partners such as OpenAI, Shopify, Visa, and Deutsche Bank to support real-world financial services. This funding round highlights Stripe’s expanding focus on crypto, following acquisitions of Bridge and Privy and the integration of Coinbase’s Base network into its payments system.

Stripe-Backed Tempo Blockchain Raises $500 Million Series A at a $5 Billion Valuation: Report