Payments firm Kima raises $5 million in equity and token funding round

Payment company Kima has raised a total of $5 million in seed funding through equity and token financing rounds, bringing its total funding to $8 million. Blockchange, the research and development accelerator FinSec Innovation Lab under payment giant Mastercard, and several angel investors led the equity financing round. Other supporters of the token financing included Outlier Ventures, Blockchange, Big Brain Holdings, Castrum Capital, Kangaroo Capital, and Maven Capital. It is reported that Kima has built a network 3, decentralized settlement protocol that connects traditional financial services with DeFi tools.