The web3 payments firm Coinflow Labs raised $2.25 million in seed funding led by the venture firm CMT Digital. 

Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Currency Group and other angel investors also participated in the funding round, according to a release shared with The Block. 

The round brings Coinflow's total funding to $3.7 million after pre-seed financing in early 2023. Following this seed round, CMT Digital investor Sam Hallene will join Coinflow's board of directors. Coinflow will use the funds to bolster sales, engineering, compliance and other teams, the company told The Block. 

Coinflow develops a payment system that instantly accepts payments and settles transactions with stablecoins. The platform also allows businesses to send funds from …