Parallelz: Raises $3M in Pre-Seed Funding

Parallelz Raises $3M in Pre-Seed Funding

  • Parallelz, a Toronto, CA-based provider of a software platform that instantly transforms native mobile apps into native web apps, raised $3M in Pre-Seed funding
  • The company intend sto use the funds to grow its team and accelerate platform development
  • The company is building a new platform and software architecture that instantly transforms native mobile apps into native web apps, with zero compromise in visual quality or user experience
  • The solution enables developers to distribute their applications across multiple digital and social channels, independently from app stores
  • The company plans to make its platform available in limited release later this year
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Lloyds Faces Scrutiny Over App Glitch Exposing Customer Data

Parliamentary committee demands answers on serious data breach incident.Highlights: Lloyds Banking Group's app glitch exposed sensitive customer data.MPs...

PayPal Expands Stablecoin to 70 Markets, Enhancing Accessibility

PayPal's new stablecoin launch facilitates broader global access for users.Highlights: PayPal introduces stablecoin to 70 global markets.This move...

Finastra appoints Chris McClellen as Global Head of AI

McClellen aims to enhance Finastra's AI capabilities and solutions.Highlights: Finastra names Chris McClellen as Global Head of AI.McClellen...

Mastercard Strengthens Presence with $1.8 Billion BVNK Acquisition

Acquisition aims to enhance Mastercard's stablecoin capabilities.Highlights: Mastercard acquires BVNK for $1.8 billion.The deal will enhance Mastercard's stablecoin...