AllScale Secures $5M Seed Funding to Launch Self-Custody Stablecoin Neobank for Global Microbusinesses

AllScale, a pioneering self-custody financial platform, has announced the successful completion of a $5 million seed funding round. The investment was led by YZi Labs through its EASY Residency Season 2 program, with significant participation from Informed Ventures and Generative Ventures, alongside other prominent institutional investors. The company positions itself as the world's first self-custody stablecoin neobank, targeting global microbusinesses, content creators, and freelancers.

The platform's mission is to provide underlying payment infrastructure for the "super individual" economy and small-to-medium businesses (SMBs), enabling instant, borderless stablecoin payments without requiring traditional bank accounts or complex crypto keys. AllScale addresses challenges like high fees, long settlement times, and strict account reviews common in traditional payment platforms by offering proprietary infrastructure for instant stablecoin transactions, secure self-custody wallets, and professional invoicing tools.

The founding team brings extensive experience from major crypto exchanges and tech companies, including Binance, OKX, Kraken, Block, Capital One, TikTok, Amazon, Dell, and HP. Early investors also include Amber Group and Draper Dragon. The company is an official ecosystem partner of BNB Chain, with its wallet currently integrated into BNB Chain and other high-efficiency Layer 2 networks.

AllScale leverages account abstraction and LLM-enabled financial copilots to empower SMBs with stablecoin-based invoicing, checkout, and cross-border payouts. Its passkey-based wallet eliminates seed phrase complexity while maintaining user control, and its multi-chain "paymaster" sponsorship architecture aims for low latency and zero gas costs for global transactions.

The platform has already established partnerships with Africa's leading freelancer communities and plans to expand to Latin America in the next quarter. Investors cited strong product-market fit indicators, organic traction, and solid retention metrics as key drivers for their support. YZi Labs stated that 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."