Coinflow Labs, a web3 payment stack provider, announced the closing of its $1.45 million pre-seed round. The round was led by Jump Crypto and Reciprocal Ventures, with participation from CMT Digital, Digital Currency Group, Gumi Cryptos, Builder Capital, Prompt Ventures, Blocktech Ventures and various angel investors following Coinflow's participation in the Pit, Jump Crypto's hub for innovators.

Coinflow is a payment solution that allows web3 companies to accept traditional payment methods and payout their customers going from cryptocurrency to USD in their traditional bank account. Coinflow's primary use-case is helping games, NFT projects, wallets and similar web3 products onboard non-crypto native customers with familiar, more traditional payment flows while Coinflow handles all of the infrastructure behind the scenes.