CifraPay
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
CifraPay was a business-to-business payment-processing company specializing in blockchain-based digital payment solutions. Its platform let businesses accept and send payments globally, combining digital and traditional payment methods in a secure environment, primarily serving companies managing multi-currency payments and cross-border transactions. Founded in 2018–2019 and based in Palo Alto, California (with a presence in Portugal), it raised an $8 million Series A round on December 20, 2021, led by 3XM Ventures, to fund expansion and technology development. No shutdown, bankruptcy or acquisition was found in any source; company databases continue to list it as an operating business.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Founded in Palo Alto as a B2B payment-processing company for blockchain-based digital payments and cross-border transactions.
- $8M Series A
On December 20, 2021, raised an $8 million Series A led by 3XM Ventures to support expansion and technology development.
- No failure found
As of the latest available records, company databases (CB Insights, bouncewatch) continue to list CifraPay as an operating business; no shutdown, bankruptcy or acquisition was found, so this record may be misclassified.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.