Utopia Labs Co-Founder raises $23 million to accelerate crypto payments adoption

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Utopia Labs Co-Founder raises $23 million to accelerate crypto payments adoption
Utopia Labs Co-Founder raises $23 million to accelerate crypto payments adoption

Bridging the gap between digital currencies and traditional finance to benefit underrepresented populations, this expansion of Utopia Labs’ services could be a game-changer for the cryptocurrency payments industry

With an aim to accelerate crypto payment adoption and provide financial access for marginalised communities, Pryce Adade Yebesi, COO and co-founder of Utopia Labs, has raised $23 million, becoming one of the youngest black founders to do so.

Utopia Labs has expanded its focus to include the acceleration of cryptocurrency payments and the development of innovative solutions, initially targeting Decentralised Autonomous Organisations (DAOs). Recently, a new fiat-payment product and an off-ramp solution were launched by the company, both designed to seamlessly connect the cryptocurrency and traditional financial systems.

By granting marginalised communities access to essential financial tools and opportunities through DAOs, Yebesi’s central goal is to empower marginalised communities. Bridging the gap between digital currencies and traditional finance to benefit underrepresented populations, this expansion of Utopia Labs’ services could be a game-changer for the cryptocurrency payments industry.

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