Tunnel

About

Tunnel is a fintech company that offers real-time cross-currency payments services.

Boston,Massachusetts,United States
11 - 50
https://www.tunnel.money/

Highlights

Details

Last Funding Type: Non-Equity Assistant
Industries: Banking,Blockchain,Financial Services,FinTech,Payments
Founded date: Jan 1, 2018
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Tunnel International Inc.

Tunnel is a fintech company that offers real-time cross-currency payments services.

The company utilizes a Distributed Ledger Technology (DLT) to offer no transaction fee processing. It also provides payment rails, APIs, and mobile apps.

Frank Makrides, Mariana Jbantova Svirchuk, and Neil Ratna established Tunnel in Boston, Massachusetts in 2018.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

6

$1.41M

Tunnel has raised a total of $1.41M in funding over 2 rounds. Their latest funding was raised on Jan 28, 2022 from a Series Unknown round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jan 28, 2022	Series Unknown	$1M	—	—	—	Detail
Oct 21, 2020	Non-Equity Assistant	—	1	MassChallenge	—	Detail
Sep 1, 2019	Pre-seed	$40K	1	—	—	Detail
Dec 15, 2018	Seed	—	5	Boston Harbor Angels	—	Detail
Nov 20, 2018	Seed	$370K	—	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

8

Tunnel is funded by 8 investors. MassChallenge and Boston Harbor Angels are the most recent investors.

Investor Name	Lead Investor	Funding Round
MassChallenge	Yes	Non-Equity Assistant
Boston Harbor Angels	Yes	Seed
DCU FinTech Innovation Center	Yes	Non-Equity Assistant
CFV Ventures	—	Pre-seed
Colony Hills Capital	—	Seed
EQx Fund	—	Seed
Tomahawk Group	—	Seed
Wilmington Investor Network	—	Seed