Suberra, a firm that develops payment infrastructure for Web3, has raised US$2.7 million in funding over two rounds.
Investors that participated in the funding rounds include Spartan Capital, Delphi Digital, Hashed, Newman Capital, DeFiance Capital, Arcane Group, and TsingTech Ventures.
Headquartered in Singapore, Suberra was founded in September 2021 by Edison Lim and Zac L.
It’s currently developing a payment platform for businesses that will enable them to accept automated recurring subscriptions, one-time crypto payments, and credit card payments. The platform can also be integrated into customers’ existing apps.
The new capital will be used to support the development and launch of the payment platform.
Suberra also aims to launch its subscription product by the fourth quarter of this year.
Angel investors also participated in the fundraise, including:
- Nansen CEO Alex Svanevik
- Fazz group deputy CEO Liu Tianwei
- Voyage Finance co-founder Han Wen Chua
- Perpetual Protocol founder Yenwen Feng
- Perpetual Protocol head of strategy Nicholas Tong
See also: Animoca looks to forge metaverse rules with Web2 giants amid war of words (Updated)
Editing by Miguel Cordon and Lorenzo Kyle Subido
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