Blockchain payment company Halliday receives $20 million in Series A funding led by a16z

According to Fortune, Halliday, a startup that helps financial institutions use blockchain and AI technology to automate services, has completed a $20 million Series A financing round, led by venture capital giant Andreessen Horowitz (a16z), with participation from Blizzard Fund, Credibly Neutral, SV Angel and other angel investors.

Griffin Dunaif, CEO and co-founder of Halliday, said the company works with chartered banks, payment service providers, and other financial institutions interested in blockchain technology to help them accelerate their entry into the field by simplifying the design of financial workflows.

Financial workflows (an organized sequence of steps to transfer funds from one place to another) are critical to any company that handles funds for its customers. In the crypto world, building these workflows requires engineers to program smart contracts, which can be a slow and arduous process.