Range raises $8.3M for stablecoin compliance

Fintech startup Range has secured $8.3 million in funding from venture capital firms specializing in fintech and cryptocurrency. The company focuses on providing a unified platform for managing both stablecoins and traditional fiat currencies, aiming to address the growing need for secure and scalable financial operations. CEO Andres Monteoliva highlighted the convergence of stablecoins and fiat, emphasizing the necessity for integrated solutions to support finance teams. This funding will likely accelerate Range's product development and market expansion within the rapidly evolving digital asset and traditional finance sectors.