Helio Raises $3.3 Million in Seed Round Financing to Expand Cross-Chain Payment Services

According to reports, Helio, a Web3 payment financial technology company headquartered in London, announced the completion of a seed round financing of $3.3 million, led by Peak and Lightspeed Factor, RockawayX, Solana Labs, and a group of angel investors. Helio helps merchants, dApps, and creators easily accept cross chain instant encrypted payments. Currently, it supports Solana, Polygon, and Ethereum blockchain services, including e-commerce, NFT sales, SaaS subscriptions, content payment walls, and other payments.

Web3 instant payment financial technology company Helio completes $3.3 million seed round financing

In the world of cryptocurrency and blockchain technology, seamless and secure cross-chain payments remain a key challenge for businesses and consumers. Helio, a London-based startup, is tackling this problem head-on by offering an easy-to-use payment platform that enables merchants, developers, and creators to accept instant encrypted payments across multiple blockchain networks. Recently, Helio announced the successful completion of a seed round financing, led by Peak and Lightspeed Factor, Solana Labs, RockawayX, and angel investors, raising $3.3 million to expand its cross-chain payment services.

Introduction: What is Helio?

Helio is a Web3 payment financial technology company that provides a secure and frictionless payment infrastructure for businesses that operate in the blockchain ecosystem. The company’s flagship product, known as HelioPay, offers cross-chain payment solutions that enable users to send and receive encrypted payments instantly, using different cryptocurrency tokens.

The Seed Round Financing

According to reports, Helio recently raised $3.3 million in a seed round financing led by Peak and Lightspeed Factor, Solana Labs, RockawayX, and a group of angel investors. The funding will be used to expand Helio’s cross-chain payment services, support new blockchain networks, and strengthen its marketing efforts.

The Benefits of Cross-Chain Payments

Cross-chain payments represent a significant improvement over traditional payments because they allow for the movement of cryptocurrency tokens across multiple blockchain networks. This means that merchants, developers, and creators can accept payments from users who use different cryptocurrency wallets or operate on different blockchain networks.

How Helio Helps Merchants and Developers Accept Cross-Chain Payments

Helio’s cross-chain payment system offers users multiple benefits. Firstly, it eliminates the need for merchants and developers to set up and maintain multiple wallets and price denominations. Instead, they can receive payments from any supported blockchain network seamlessly and convert them to their desired currency. Additionally, Helio reduces the time and costs associated with processing payments, as payments are processed almost instantly and automatically settled.

How Helio Supports Specific Blockchain Services

Helio supports several blockchain services, including Ethereum, Polygon, and Solana. Its payment infrastructure is designed to be modular, enabling support for other blockchain networks in the future.

Use Cases for HelioPay

HelioPay can be deployed for a range of use cases, including e-commerce, NFT (non-fungible token) sales, SaaS subscriptions, content payment walls, and other payments.

Conclusion

Helio’s successful seed round financing is proof that the company’s cross-chain payment solutions are valuable and in demand within the blockchain ecosystem. As the adoption of cryptocurrency and blockchain technology continues to grow, Helio’s easy-to-use and scalable payment infrastructure is likely to have a significant impact on the industry.

FAQs

1. What is cross-chain payment technology?
Cross-chain payment technology enables the movement of cryptocurrency tokens across different blockchain networks, facilitating the acceptance of payments from different blockchain wallets.
2. How does HelioPay enable cross-chain payments?
HelioPay provides merchants, developers, and creators with a seamless and secure payment infrastructure that enables instant and encrypted payments across multiple blockchain networks.
3. What are the benefits of using cross-chain payments for businesses?
Cross-chain payments simplify the payment process, reduce the time and costs associated with processing payments, and enable businesses to accept payments from a larger pool of users.