Alta announced on Tuesday that it raised $47.5 million in a Series A round led by Index Ventures at an undisclosed valuation. The round follows $32.5 million in seed funding backed primarily by Australian fintech company Airwallex. Alta’s blockchain features an integrated compliance layer for banks and large enterprises, along with privacy and transaction-control tools. Founded by Loong Wang, the 25-employee startup operates from San Francisco and Melbourne. Airwallex is also a major distribution channel for Alta, while GV, Blackbird Ventures, Square Peg and Capital49 participated in the Series A.
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