UK stablecoin remittance platform Seva Money closes $5 million seed round
TechFlow reports that on November 10, according to an announcement from Seva Money, the UK-based remittance infrastructure company disclosed on November 9 that it had secured a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp, Stride, and Ada Ventures.Seva Money offers white-label wallets and bank cards to remittance operators, integrating fiat and stablecoin payment rails to enable recipients to access services such as savings and healthcare. The company stated that its recipient services are now live in India and Mexico, and plans to expand to the Philippines, Kenya, Nigeria, Tanzania, and Ghana over the next 12 months. The proceeds will be allocated to product development, expanding operator partnerships, and increasing market coverage.
TechFlow reports that on November 10, according to an announcement from Seva Money, the UK-based remittance infrastructure company disclosed on November 9 that it had secured a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp, Stride, and Ada Ventures.
Seva Money offers white-label wallets and bank cards to remittance operators, integrating fiat and stablecoin payment rails to enable recipients to access services such as savings and healthcare. The company stated that its recipient services are now live in India and Mexico, and plans to expand to the Philippines, Kenya, Nigeria, Tanzania, and Ghana over the next 12 months. The proceeds will be allocated to product development, expanding operator partnerships, and increasing market coverage.
