UK-based payment startup Due raises $3.3 million in seed funding. The firm plans to enhance its blockchain-based platform using Ethereum and its scaling solutions. The company is set to launch this month, targeting the U.S., Europe, the UK, and Sub-Saharan Africa at the initial s...
- UK-based payment startup Due raises $3.3 million in seed funding.
- The firm plans to enhance its blockchain-based platform using Ethereum and its scaling solutions.
- The company is set to launch this month, targeting the U.S., Europe, the UK, and Sub-Saharan Africa at the initial stage.
Due, a UK-based fintech startup, has successfully raised $3.3 million in a seed investment round to advance its blockchain-based payment platform. The funding round was spearheaded by Semantic Ventures and Fabric Ventures, with additional backing from investors such as BlockTower, Speedinvest, Polymorphic Capital, and Discovery Ventures.
For context, seed rounds are commonly employed to fund the initial phases of a startup’s growth, encompassing product development, market research, and business expansion. Additionally, this initial financing can cover pre-launch expenditures, including website creation, marketing campaigns, and initial sales operations.
Due, founded last year, stated that it aims to use the newly acquired capital to enhance its technology and extend its fiat currency operations into more markets. Notab…
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