Tilia, a San Francisco, CA-based provider of a payments platform for digital economies, raised $22M in total funding.
Dunamu joined lead investor J.P. Morgan in an extension of the existing round, bringing the total to $22m.
The company intends to use the funds to further scale its platform and address the growing market need for dynamic payments in online games, creator platforms, social commerce and other digital social worlds.
Led by CEO Brad Oberwager and CBO Catherine Porter, Tilia is an all-in-one payments platform for digital economies. Its infrastructure powers user-generated content transactions and microtransactions, allowing direct payouts to creators and their collaborators. It mints branded tokens that are U.S. compliant and have a fixed conversion rate to fiat currency. The platform bridges the digital and physical worlds, enabling KYC-compliant transactions while allowing users to operate under their online identities and avatars.