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

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...

Visa Survey Reveals Businesses Ready to Embrace AI in Commerce

Consumer hesitation contrasts with business enthusiasm for AI adoption.Highlights: Visa survey finds 76% of businesses ready to adopt...

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...