Fintech infrastructure startup Seismic has raised $10 million in a new funding round aimed at enhancing data security solutions for financial technology firms. The round was led by a16z crypto, with participation from Polychain, Amber Group, TrueBridge, dao5, and LayerZero, bringing Seismic’s total funding to $17 million, according to Fortune.
Founder Lyron Ko Ting Keh declined to disclose the company’s valuation but emphasized that Seismic’s mission is to provide a robust privacy-first infrastructure for fintech organizations seeking to better protect user data.
Among Seismic’s key partners is Brookwell, a firm facilitating stablecoin settlements for its users. All transactions are processed via Seismic’s private blockchain, designed to prevent data leaks and keep sensitive information off public ledgers.
The startup also collaborates with the private lending platform Cred and another undisclosed partner specializing in cross-border money transfers.
With the new capital, Seismic plans to broaden its range of services — including fiat and crypto payment channels, cash-in/cash-out solutions, and the launch of card-based payment programs.
Although Seismic has yet to generate revenue, the company expects to begin earning income in the first quarter of next year, charging a $0.01 transaction fee, according to its statement.
The fresh funding positions Seismic as a promising player in the growing field of fintech data protection, where security and privacy have become top priorities for global payment providers.
