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$BNB [Chain News] Another Web3 payment project targeting "small B-end" has secured funding. AllScale recently closed a $5 million seed round, led by YZi Labs, with Informed Ventures and Generative Ventures following up, and also reached an ecosystem-level cooperation with BNB Chain.
The label this project gives itself is quite interesting—"self-custodial stablecoin neobank." In simple terms, it aims to allow freelancers and small businesses around the world who take on outsourcing work to receive payments, issue invoices, and settle directly in stablecoins. Technically, it uses account abstraction, passkey wallets to eliminate mnemonic phrases, and covers transaction fees through a multi-chain paymaster mechanism, claiming zero gas fees while ensuring low latency.
The platform is now already running on BNB