https://techcrunch.com/2022/02/16/stronghold-launches-100m-venture-arm-to-invest-in-underrepresented-founders-fintech-web3/

Payments infrastructure company Stronghold has launched a venture capital arm to deploy $100 million of its balance sheet capital in startups and funds in three core strategies — underrepresented founders, fintech, and web3, CEO Tammy Camp told TechCrunch in an interview.

Stronghold offers a suite of fintech and blockchain APIs and services, including embedded payments, clearing and settlement, according to its website. The startup, founded in 2017, partnered with IBM to create a blockchain-based stablecoin for instant payment processing. It has raised $3.3 million in funding to date through its 2018 seed round, which was led by Freestyle Capital’s Dave Samuel and featured participation from a host of angel investors in venture and fintech.