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Monday, May 29, 2023

Lithuanian fintech gets $3.5M seed to simplify crypto investments

Lithuania-based Solvo raised $3.5M in seed funding led by Index Ventures. The round also saw participation from CoinFund and FJ Labs. The startup’s app provides access to crypto investments, The funding will help Solvo through its expansion and building its product offering.

Founded by Ayelen Denovitzer (CEO) and Shailendra Sason, Solvo provides an iOS app that enables crypto investments. It also functions as a wallet that supports the buying, selling, deposit and withdrawal of the 10 highest quality crypto-currencies with an easy interface.

Solvo unlocks the decentralised finance in a way that actually makes sense. The app offers the easier access to investment opportunities that would make the brick-and-mortar bank blush and also allows one to invest in the Metaverse & Gaming, or DeFi.

Solvo, Ayelen Denovitzer“We believe we should have access to better financial products in a simpler way. However, we know that crypto is still extremely complex, leaving many behind. At Solvo, we’re building app that will provide seamless and transparent access to crypto products.” says Ayelen Denovitzer.

Click to read more funding news.

Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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