Serica Garners $120,000 Seed Financing Round

  • Feed Type
  • Date
    8/19/2015
  • Company Name
    Serica
  • Mailing Address
    Undisclosed San Francisco, CA 94108 USA
  • Company Description
    The marijuana business is growing 15% year-over-year. But businesses in the US can’t use traditional banking or credit for legal reasons, and rely on cash management. Serica offers a blockchain-based finance system that can handle online payments, and is starting to manage payroll and supplier invoicing.
  • Website
    http://www.sericapay.com
  • Transaction Type
    Accelerator
  • Transaction Amount
    $120,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    The company will use the proceeds to accelerate its initial development.
  • M&A Terms
  • Venture Investor
    Y Combinator