In the quiet corners of the financial world, where dreams are currency and hope is a stock option, a startup named Tempo-yes, Tempo-has managed to secure a whopping $500 million in its first big dance. Led by the ever-enthusiastic Thrive Capital and the elusive Greenoaks, this tale of modern magic was uncovered by none other than Fortune. It’s like watching a grand old opera where everyone suddenly decides to throw money at the stage-except this time, it’s blockchain, not a tenor’s voice.
Stripe’s Blockchain Bet Tempo Secures $500M Backed by Thrive Capital
Tempo, a project so ambitious it makes even the angels in Stripe look like mere mortals, is venturing into the realm of blockchain payments. And oh, how they’ve scraped together a handsome bag of money-$500 million-note that it’s practically a small kingdom in the crypto universe. This round, led by Joshua Kushner’s Thrive and Greenoaks, hints that perhaps the gods of Wall Street and Silicon Valley have finally decided to take blockchain seriously-after all, what’s a little decentralization between friends?
Imagine, if you will, good ol’ Thrive and Greenoaks-two giants-handing over their gold to a project that aims to be the royal carriage for cross-border transactions. Fancy words about “bridging financial worlds” and “regulatory outreach” float around, as if they’re just discussing whether to buy ice cream or sorbet. The money will go straight into speeding up product releases, nodding politely at regulators, and expanding the network-because who doesn’t love a good expansion? Meanwhile, the world watches as blockchain firms race to modernize, well, everything-perhaps even the concept of money itself.
FAQ 🧭
- What is Tempo? Well, think of it as a blockchain payments project dreamed up by Stripe and Paradigm-like a bustling financial highway, but shiny and new.
- How much funding did Tempo raise? Enough to make a hedge fund jealous-$500 million, all in a neat Series A package.
- Who led the funding round? Thrive Capital and Greenoaks-because apparently, the future of money needs big-name backing with a dash of swagger.
- Where was this report published? Only in the most exclusive corner of the financial universe-Fortune, of course, where all the juicy stuff first leaks out.
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2025-10-19 10:02