AllScale has completed a $5 million seed round of financing, led by YZi Labs.

PANews, December 8 — AllScale has completed a seed round of approximately $5 million, led by YZi Labs (EASY Residency S2), with participation from Informed Ventures and Generative Ventures, and has established an ecosystem partnership with BNB Chain. AllScale positions itself as a self-custodial stablecoin “neobank” targeting global micro-enterprises and freelancers, providing stablecoin payment and receipt, invoicing, and settlement tools. It supports account abstraction and LLM-powered financial assistants, featuring a passkey wallet without mnemonic phrases, multi-chain “paymaster” gasless transactions, zero gas fees, and low latency. The platform has integrated with BNB Chain and efficient Layer2 solutions, plans to expand to Latin America next quarter, and claims to have established partnerships with freelancer communities in Africa.

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