Ethereum wallet MyCrypto closed the round of financing series A, within the framework of which it attracted $ 4 million from Polychain Capital, CoinDesk reports.
Investors also included Boost VC, ShapeShift, Ausum Blockchain Fund LP, CEO of Mainframe Mick Hagen, and co-founder of the Earn Lili Lou.
According to Taylor Monahan, CEO of MyCrypto, one of the main problems in the industry is the difficulty in buying or completing transactions with cryptocurrencies.
To solve this problem MyCrypto plans to hire a team of developers and designers using the attracted funds. They will help simplify cryptocurrency operations for beginners with the help of an improved user interface.
Right now our team is really all engineers and customer support people and I think we need to build out a team that just advocates for the user more and has a ton of experience in user interface and design. Specifically, I'm looking for experts that don't have a cryptocurrency background to join the team because their strength is outside the space.
Earlier, Polychain Capital invested in the Tezos.