According to CoinMeta, blockchain startup Alta announced the completion of a $47.5 million Series A financing round, led by Index Ventures. This financing round brings its total funding to $80 million. As per the company's announcement on November 10th, this round also attracted investors such as GV (formerly a Google venture capital firm), Blackbird Ventures, Square Peg, and Capital49. Alta is developing a payment infrastructure aimed at assisting banks and financial institutions with cross-border fund transfers. The company plans to use the latest funding to further develop its blockchain, establish more institutional partnerships, and expand its engineering and compliance teams.