FinTech news in data management category

It is a digital wallet and password manager for financial services and banking apps, but Soffio calls it a financial digital passport, which helps with user identification, making the task less cumbersome for both consumers and financial services. Soffio said Portabl chose Harlem Capital to lead the round after a call he’ll never forget: Yenkalov, a Ukrainian citizen, was trapped in the country as the war with Russia broke out in the middle of a fundraising call with the firm. Yenkalov noted the emergence of decentralized identifiers, verifiable credentials and zero-knowledge proofs, saying that the industry is closer than ever to enabling financial organizations to benefit from consumers owning and sharing their own data.

The fund is strategic for Valkyrie in that it is focused on nascent infrastructure the firm might use in its digital asset management operations, including: security, authentication, compliance, data management, storage, networking, communication, governance, payments and transactions companies.

To keep up with the demand, the company raised $4 million in seed funding, led by Ibex Investors, which also included Y Combinator, Financial Venture Studio and a group of individual investors.