AllScale, a New York-based financial platform building what it describes as the world’s first self-custody stablecoin neobank, has raised a $5 million seed round led by YZi Labs through its EASY Residency Season 2 program, with participation from Informed Ventures and Generative Ventures.
The company is targeting global microbusinesses, content creators, freelancers, and small and medium-sized businesses that face high fees, slow settlement times, and account friction when using traditional payment providers, particularly for cross-border commerce. AllScale positions its offering as a non-custodial platform that enables users to send and receive stablecoin payments quickly without relying on a traditional bank account, while aiming to keep blockchain complexity out of the user experience.
AllScale said its platform combines self-custody wallets with invoicing functionality and stablecoin-based payment rails designed for fast settlement. The company also highlighted the use of account abstraction and LLM-enabled financial copilots to support invoicing, checkout, and payout workflows across borders. To reduce transaction friction, AllScale said it uses a multi-chain “paymaster” sponsorship architecture intended to minimize latency and eliminate gas costs for users, and noted that its wallet is integrated with BNB Chain and other high-efficiency Layer 2 networks.
The startup described its founding team as having backgrounds across crypto exchanges, fintech, consumer platforms, and enterprise technology, with experience from Binance, OKX, Kraken, Block, Capital One, TikTok, Amazon, Dell, and HP. AllScale also said it has early backing from Amber Group and Draper Dragon.
AllScale framed its market opportunity around the size of the unbanked population and payment challenges facing freelancers globally. The company said it has established partnerships with leading freelancer communities in Africa and plans to expand into Latin America next quarter.
KEY QUOTES:
“Our investment is driven by early indicators of strong product-market fit, supported by organic traction and solid retention metrics,” stated YZi Labs in its announcement regarding the EASY Residency Season 2 cohort. “AllScale is well-positioned to capture market share by combining the speed and transparency of stablecoins with a user experience aligned to the operational and compliance needs of modern businesses.”
YZi Labs
“We believe stablecoins unlock new borderless financial services for SMBs, the world’s most underserved segment,” noted David Yin, Partner at Informed Ventures. “A stablecoin-powered non-custodial neobank finally gives these SMBs the speed, control, and access to advanced financial products that were previously reserved for large enterprises. AllScale has the right team and experience to deliver this.”
David Yin, Partner, Informed Ventures
“AllScale is redefining the standard for crypto-native banking, demonstrating a rare depth of technical excellence and regulatory clarity,” said Will Wang, Partner at Generative Ventures. “We’re excited to partner with the team as they bring the next generation of digital banking to a global audience.”
Will Wang, Partner, Generative Ventures
