TRM Labs, the blockchain intelligence firm that targets cryptocurrency fraud and financial crime has raised an $60 million Series B round led by Tiger Global. Its backers include a who’s who of payment firms such as Amex Ventures, Visa, Citi Ventures, Block (formerly Square) and PayPal Ventures, amongst others.
In June, the company closed a $14 million Series A round that included investment from PayPal Ventures and Salesforce Ventures, and it now has a team of 60 people.
The notable absentee amongst the payments firms is Mastercard which acquired competitor Ciphertrace in September. In a sign of the sector’s popularity, Mastercard completed that deal within less than six weeks of the announcement.
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