About CFX Labs
CFX Labs is a Financial Services company based in Chicago (United States) founded in 2021 by Matthew Dixon and Nick Chicago. CFX Labs has raised $23.51 million across 2 funding rounds from investors including Antalpha, Shima Capital and Metropolitan Capital Bank & Trust. Its chief executive, as recorded, is Nick Chicago. CFX Labs offers products and services including MOVEUSD Wallet, Smart Wallet, Liquid Treasury, and CFX MintWire. Its focus areas include FinTech, Digital Remittance, Networks and Mobile Money Hub. Its legal entity is CFX Labs Inc.
Company details
Blockchain-enabled payment network for cross-border remittance. Provides payment processing solutions for app publishers, marketplaces, and retailers. Enables peer-to-peer money movement, allowing customers to send and receive funds. Enabling global users to leverage blockchain within a secure closed-loop system, to reduce international remittance costs, fraud, and settlement times.
- Headquarters Chicago, United States
- Founders Matthew Dixon, Nick Chicago
- SectorsFinancial Services
- Email••••••••
- Website cfxlabs.com
- Social LinkedIn X
- Legal Name Cfx Labs Inc.
- Total Equity Funding$23.51M (USD)
in 2 rounds
- Latest Funding Round$14.01M (USD), Series A
Dec 2024
- InvestorsAntalpha
& 8 more
Products & Services of CFX Labs
CFX Labs offers a comprehensive portfolio of products and services, including MOVEUSD Wallet, Smart Wallet, Liquid Treasury, and CFX MintWire.
Wallet for issuing and managing fully-backed digital dollars.
No-code wallet for cash acceptance in apps and websites.
Service to maximize returns on stablecoin assets.
Tool for fund collection and disbursement via digital dollars.
Funding Insights of CFX Labs
CFX Labs has successfully raised a total of $23.51M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $14.01 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $23.51M
- Total Rounds 2
- Last Round Series A — $14.01M
- First Round $9.5M
(Nov 2023)
- Investors Count 9
All 2 funding rounds of CFX Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $14.01M | Series A | – | – | – |
| Nov 2023 | $9.5M | Seed | – | Shima Capital, Decasonic | – |
9 investors in total: 9 institutional.
Investors in CFX Labs
CFX Labs has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Antalpha, Shima Capital and Metropolitan Capital Bank & Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage blockchain technology companies are invested in by the firm. | cmt.digital | Chicago, United States | ||
Early-stage tech-focused VC firm funding companies in the US | hardyaka.com | San Francisco, United States | ||
| krakenventures.com | ||||
Blockchain-focused venture capital investments are provided by New Form Capital. | newformcap.com | New York, United States | ||
Blockchain investments are focused on by Shima Capital. | 2021 | shima.capital | San Francisco, United States | |
| decasonic.com | ||||
Investment in digital assets is enabled through a blockchain platform. | 2021 | antalpha.com | Singapore | |
Investment banking boutique | 2005 | metcapbank.com | Chicago, United States | |
| corazon.com |
Investor details for CFX Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of CFX Labs
5 people are tracked at CFX Labs (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Matthew Dixon | Co-Founder | Leadership |
Nick Chicago | Co-Founder & CEO | Leadership |
Darren Faulk, CPA | Chief Financial Officer | Leadership |
Chris Sillari | Chief Legal Officer & Chief Compliance Officer | Leadership |
Kesselle Macapagal | Partnerships & Growth | Team |
Complete people profiles for CFX Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of CFX Labs
3 dated milestones of CFX Labs across 3 years, from founding to its latest funding, stage changes and deals.
- Founded CFX Labs is founded.
- Funding First funding round of $9.5M.
- Funding Latest funding round, Series A, of $14.0M.
Web traffic of CFX Labs
The website of CFX Labs (cfxlabs.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 57.6% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as CFX Labs (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Frequently Asked Questions about CFX Labs
CFX Labs was founded in 2021 and raised its 1st funding round 2 years after it was founded.
CFX Labs is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Nick Chicago is the CEO of CFX Labs, as recorded in our data. They have also founded this company.
CFX Labs is a funded company, having raised a total of $23.51M across 2 funding rounds to date. The company's 1st funding round was a Seed of $9.5M, raised on Nov 2023.
Blockchain-enabled payment network for cross-border remittance. Provides payment processing solutions for app publishers, marketplaces, and retailers. Enables peer-to-peer money movement, allowing customers to send and receive funds. Enabling global users to leverage blockchain within a secure closed-loop system, to reduce international remittance costs, fraud, and settlement times.
CFX Labs offers MOVEUSD Wallet, Smart Wallet, Liquid Treasury, and CFX MintWire.
CFX Labs has 9 investors. Key investors include Antalpha, Shima Capital, Metropolitan Capital Bank & Trust, Decasonic, and CMT Digital.
CFX Labs operates through Cfx Labs Inc..