Paypal: Raises $4.2M for TRM Labs

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Paypal: Raises $4.2M for TRM Labs

Paypal: Raises $4.2M for Crypto Compliance Startup TRM Labs

  • Financial institutions know how to calculate the risk of serving traditional businesses
  • The assumption of added regulatory hurdles and money-laundering fears have led to a widespread problem
  • TRM Labs wants to accelerate the institutional embrace of crypto
  • The influx of capital brings TRM’s total funding to $5.9M after the startup emerged out of Y Combinator earlier this year
  • TRM Labs also use the new funding for product development, hiring and expanding to new geographies
  • The start-up says it will also use the new capital to expand its engineering and data science teams