According to Golden Finance, stablecoin crypto startup Coala Pay completed a $3.5 million seed round, led by Castle Island Ventures, and the founders of Lattice Fund, Factor Capital and the crypto charity platform The Giving Block participated. The company will use the funds from this round of financing to expand its team and recruit employees with experience in the United Nations and the United States government. According to reports, the company is committed to connecting humanitarian aid organizations with potential donors. Coala Pay helps review donors and local aid organizations, requiring both parties to provide detailed documentation to prove its legitimacy. Once both parties are whitelisted, each party can access each other's documents as needed. Instead of signing an entity contract, Coala Pay creates a smart contract for stablecoin transactions and generates a token to store information and track the use of funds.