India, Jan. 6 -- Blockchain payment platform Speed has raised $8 Mn (INR 72.1 Cr) in a funding round led by global stablecoin network Tether's investment arm, Tether Ventures. Bitcoin-focussed VC firm Ego Death Capital also participated in the round.

The startup plans to utilise the fresh capital to accelerate global expansion, scale its payment infrastructure, create a cross-border payment ecosystem for creators and gig workers, innovating merchant tools and launching a platform for developers to build applications on top of Speed's network.

The startup will also enhance focus on regulatory compliance, especially as laws regarding the blockchain ecosystem continue to remain murky and restrictive in many parts of the world.

Founded by ...