Estonian startup raises $2.9 million seed round

Tallinn-based startup, a crypto wallet and BTC acquiring services for business, has closed $2.9 million seed funding. The seed round was led by Target Global, FinSMEs reports. Into account, Target Global is an international Venture Capital firm headquartered in Berlin, with $1.1bn+ in assets under management.

Founded in 2018 and led by Petr Kozyakov, Greg Waisman, and Alexander Vasiliev, is known as a technologically developed state that has a legal definition of cryptocurrency status as an alternative means of payment. Mercuryo`s mission is to introduce cryptocurrencies into daily life and allow people to handle their crypto transactions casually. The startup offers a range of options, including virtual accounts, business payments, money transfer processing, and bulk payouts, regardless of local payment methods or currencies.

The company wants to use the raised funds for expanding its cryptocurrency payment processing solutions. To date, more than 40 million traders worldwide accept the card, making it easier to access in everyday life, despite the fact where the user is. Moreover, the company uses PCI DSS level 1 information security standards when they working with personal data and private keys.

The team of stated: 

“We believe that cryptocurrency will become an integral part of our future. We created as the beginning of a new economy, hoping that it will become a common financial instrument for us and our children.”