Walapay raised $4.6 million in seed funding led by Gen Venture Capital, with Commerce Ventures, Polygon, AAF Management, Verda Ventures, NGC Ventures, FGV Capital, JSquare, Reflexive and Big Brain VC participating. The payments infrastructure company provides API-based tools for businesses and platforms to collect, hold and transfer fiat currencies and stablecoins, conduct compliance checks during customer onboarding, and create named multi-currency virtual bank accounts and digital asset wallets. Walapay also helps clients convert idle deposits into yield-generating digital dollar products and offers custody options through digital asset infrastructure partnerships. The company said it will use the funding to obtain more licenses, expand banking partnerships and add staff.