The Stellar Development Foundation launched a $30 million matching fund for developers building on Stellar, with initial investments in Trace Finance, Bitwage, Atriex, and FanVestor across payments, remittances, and crowdfunding.
The Stellar Development Foundation announced a $30 million matching fund designed to support early-stage startups building applications on Stellar's blockchain. The fund will match investments up to $500,000 per project. Four companies received initial funding: Trace Finance, which provides stablecoin-based funding access for Latin American startups; Bitwage, offering payroll and invoicing services to freelancers; Atriex, a remittance payments app for Africa; and FanVestor, an NFT crowdfunding platform. SDF CEO Denelle Dixon emphasized the foundation's commitment to building a more inclusive financial services industry through strategic early-stage support.
