Company Logo



Home industry banking-and-finance chicago startups make waves with their new funding

Chicago startups make waves with their new funding


Banking And Finance

Chicago startups make waves with their new funding

Coro and Coinflow Labs, get $75 million and $1.45 million in finances, respectively. This will help in bringing in new hires and increase product development.

Two tech startups in Chicago have recently secured new capital. It will help fund new hires and product development efforts.

One of the startups is the cybersecurity company called Coro which has reportedly raised $75 million and is now offering an AI-enabled platform that is capable of protecting cloud apps, email accounts, devices from threats like phishing and ransomware attacks on customers. The financial aid has brought the companies entire valuation to a total of $575 million. Most of the finances will go into investments of R&D, new hires as well as initiating M&A development with smaller startups.

The other tech startup in Chicago is called Coinflow Labs, the company that was founded in 2022, has now raised $1.45 million. It is impressive how it established a library of payment processing solutions that would eventually lead it to Web3 companies that accept credit card payments from their customers.

Daniel Lev, Coinflow Labs co-founder and CEO said “We developed Coinflow to bridge the gap between traditional finance and blockchain technology and make it easier for non-crypto native customers to engage across the Web3 ecosystem, including interacting with games, wallets and other Web3 consumer products. With the support of our investors and partners, we look forward to onboarding additional customers and building fintech 2.0, the next generation of financial blockchain technology.”


Business News


Recommended News


Most Featured Companies


Latest Magazines

© 2024 CIO Bulletin Inc. All rights reserved.