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Code Raises $6.5 Million to Revolutionize Microtransactions for Digital Creators

Code, a groundbreaking global payments platform enabling microtransactions for online creators, secures $6.5 million in seed funding to accelerate growth and democratize digital monetization.

February 6, 2024 by Sheldon

In a significant development for digital payments, Code, a new global payments platform, has secured $6.5 million in seed funding. Spearheaded by venture capital giants M13 and Union Square Ventures, with support from notable investors like Balaji Srinivasan and Solana Co-founder Anatoly Yakovenko, Code aims to transform how online creators monetize their work.

Founded by Ted Livingston, the mind behind the popular chat app Kik, Code addresses a critical challenge in the digital economy: the difficulty of monetizing small-value content. By enabling microtransactions as low as $0.05, Code opens up new revenue streams for creators, from bloggers to artists, allowing them to earn from global audiences.

Built on cutting-edge blockchain technology, Code offers a seamless, low-cost payment solution that empowers online creators like never before. The platform began as a not-for-profit initiative and has now evolved into a for-profit venture, maintaining its commitment to the open-source community. With this new funding, Code is set to accelerate its growth and further its mission to drive global financial inclusion. By facilitating micro-payments for digital content, Code is not just a payment platform but a catalyst for economic opportunities for creators worldwide.

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