Payments infrastructure company Cyclops completes a $20 million Series A funding round, led by Nava Ventures

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BlockBeats, July 15 — payment infrastructure startup Cyclops announced the completion of a $20 million Series A funding round, led by Nava Ventures, with participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, and GPT Ventures. The company provides integrated cryptocurrency and stablecoin infrastructure for payment businesses, helping them achieve faster settlement and cross-border transfers without building the related tools in-house.

Cyclops aims to improve capital flow efficiency by leveraging stablecoin infrastructure. This round comes not long after its $8 million seed round completed in March this year. Shift4 Payments and Mastercard are already existing customers.

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