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Startup Iris has raised $43 million to provide onchain financial services to telecom operators through Avalanche, according to Crypto Briefing.
The sole investor was Balesia Group, a telecom family office in the Americas, with the full amount coming from a single backer. Iris operates its platform on a dedicated Avalanche Layer 1 blockchain and is currently supporting onchain real-time payment and settlement operations for telecom providers based in Bolivia and Mexico.