Wallet-as-a-service provider Magic closes $52 million funding round

2023-05-31 20:24:43ForesightShare to:

According to Foresight News, wallet-as-a-service provider Magic has completed $52 million in financing, led by PayPal Ventures, and participating investors include Cherubic, Synchrony, KX, Northzone and Volt Capital. Magic provides secure, instant non-custodial wallet creation. Users can create wallets instantly through existing email, social, SMS or federated logins. At present, Magic has generated more than 20 million wallets, and its SDK is used by more than 130,000 developers.

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