CFX Labs is a Chicago, IL-based payment network company led by CEO Nick Cavet. It enables global users to leverage blockchain within a secure closed-loop system to reduce international remittance costs, fraud, and settlement times. The platform integrates with key payment infrastructures in the United States, Mexico, Brazil, India, Nigeria and additional African countries. Offerings include the MoveMoney™ embedded wallet, enabling users to send and receive fiat instantly from brick-and-mortar locations across the U.S. at network affiliated locations including Walmart, CVS, Walgreens and Rite-Aid and others. The company ensures transactional security and compliance through robust AML/KYC measures. CFX Labs closed a $9.5M Seed funding round and intends to use the funds to expand its network reach and continue development of technologies supporting international payments.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2023