Scrypt AI Closes First Round of Seed Funding

Early this month, treasury management-as-a-service company, Scrypt AI closed its first round of seed funding. While the amount of capital was not disclosed, it will help assemble a stellar team to scale sales. It will also increase marketing and allow for the start-up's continued development.

Multiple fintech leaders participated in the seed round. Led by CheckAlt co-Chairman and CEO, Shai Stern, additional investors include former Partner at York Capital Management, Michael Weinberger and Omri Dahan, former Chief Revenue Officer at Marqeta. Ryan Gilbert, current Partner at Propel Venture Partners, extended his support as well.

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Stern, deeply impressed with the company's easily integrable technology, praised CEO ...

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