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Writer's pictureMark S

20th Sept 2022 - Integral Treasury raise $8.5m for real-time finance platform for web3 enterprises.


 

With notable investors including former Coinbase CTO Balaji Srinivasan, Color Genomics co-founder Elad Gil, Hustle Fund, Mantis, Maple VC, Anchorage founder Diogo Monica, Dapper Labs founder Roham Gharegozlou, and others, Integral, a real-time finance platform for web3 businesses, has closed a $8.5M round of funding led by Electric Capital.


Integral offers collaborative, real-time delivery of enhanced financial data. Integral assists web3 teams in reducing risk while purposefully and instantly deploying their resources. Working with some of the biggest web3 companies, the platform has helped businesses execute $5B in crypto accounting transactions just in the previous 5 months.


"For web3 enterprises, real-time financial management is crucial. In web2, revelations appear 7–30 days after the end of the month. 30 days in web3 might mean the difference between owning $10 million and $5 million worth of cryptocurrency "explained Integral's founder, Gui Laliberte.


Integral is motivated by the conviction that real-time finance gives web3 and web2 enterprises an advantage. Real-time profit and loss statements facilitate quicker and wiser decision-making. Better use of treasury is made possible by real-time balance sheets. Transparency from executive suites to DAO communities is guaranteed through real-time cash flow reporting.


"Any major Web3 initiative, as well as any Web2 company beginning to explore Web3, needs real-time money. To stay ahead of the competition, all businesses and protocols will need quick, scalable finance instruments." — Avichal Garg, partner at Electric Capital and co-founder. Laliberte most recently served as an entrepreneur-in-residence at Electric Capital after founding and selling the Sequoia-backed homeownership platform Setter. Integral has four former founders and a top-notch team with experience at Palantir, Paypal, Amazon, Meta, and VMWare in the fields of security and data. Early access passes are presently available from Integral to web3 enterprises, DAOs, and web2 businesses with cryptocurrency goals and crypto treasuries above $10 million.


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