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Monday, June 5, 2023

Estonian payment platform raised $5M in seed funding

Tallinn-based payment platform Wert raised 5 million dollars in seed funding led by Londoner Tagus Capital with the participation of Tezos Foundation, VR Ventures, Element Ventures, Digital Horizon, and JDAC. Estonian fintech company’s platform enables users to purchase crypto with the help of its top-up module that can be easily integrated to any mobile application or website. The funding will help the company explore new lands and come up with new financial infrastructure solutions for Web3 startups.

About Wert

Wert offers a built-in module that allows seamless fiat-to-crypto conversion inside partners’ websites and apps. By installing their solution crypto projects without gateways don’t need to adapt to ever-changing regulatory landscape and focus on innovation instead. They turn complex compliance requirements into ease of use through technology and smart design. As a result, companies don’t disrupt user experience and increase customer loyalty. They aim to transform industry competition and let newcomers race with big players by providing them with a revenue stream.

About Tagus Capital

It is a Multi-strategy hedge fund combining venture capital investments with yield-generating strategies. Tagus Capital supports promising businesses building the infrastructure of the new multi-trillion-dollar blockchain-based industries. It combines comprehensive fundamental analysis of blockchain protocols and a robust risk management framework to deliver superior risk-adjusted returns for investors. It enables talented people to build innovative business based on blockchain technology that will disrupt inefficient and inequitable industries, such as financial services.

Click here 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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