Crypto Wallet Infrastructure Company Turnkey has collected $ 30 million in Series B financing led by Bain Capital Crypto, Fortune reported on Monday.
Turnkey, founded by former coinbase employees Bryce Ferguson and Jack Kearney, aims to help developers build user-friendly wallets using application programming interfaces (APIs).
This can help wallets become more streamlined and easy to use, Ferguson said.
“We are moving from this world of these slow, clumsy systems designed to buy and keep crypto for very high flow, machine -based transactions,” he said, according to Fortune’s report.
The company counts the prediction market platform polymarket, non-fungal token (NFT) Marketplace Magic Eden and Stripe-owned StableCoin Firm Bridge among its clients.
The funding also included contributions from the Lightsped Faction and Galaxy Ventures, which led turnkey $ 15 million Serie A in April 2024.
Turny will use its new capital to grow his employee, who is currently sitting on 35 employees. Primarily, the lookout is looking to expand his engineering team, according to the report.
The company did not immediately respond to Coindesk’s request for further comment.
