Zurich-based Centi raises €1.8 million in seed funding. Leading this round were Archblock and Bloomhaus Ventures, with ongoing contributions from founders and current shareholders.
Acknowledged for its ability to handle transactions as small as one penny, Centi is prepared to expand its blockchain-based micropayment solutions worldwide and broaden its influence in the financial inclusion space.
Bernhard Müller, Co-Founder of Centi said, “We founded Centi driven by the potential of blockchain for micropayments and financial inclusion, The name ‘Centi’ itself, derived from our capability to process transactions as small as one cent, encapsulates this focus. The success of our financing round is a testament to being on the right trajectory and receiving support for our mission to revolutionize current payment processes with the Centi stablecoin.”
By bringing blockchain technology to the real world and tackling two of its biggest drawbacks—the ineffectiveness of micropayments and the absence of financial inclusion—Centi is changing the payment sector.
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Alex de Lorraine CEO of Archblock said, “Our investment signifies our belief in Centi’s potential to innovate in the fintech landscape,” who spearheaded the financing round. “Our expertise in blockchain and digital currencies perfectly aligns with Centi’s approach.”
Pascal Stürchler, Co-Founder and CEO of Bloomhaus Ventures said, “Centi presents a highly intelligent solution to the global challenges posed by micropayments today,” “Leveraging our extensive global network, we are poised to offer valuable support in enabling Centi to extend its transformative solutions beyond Switzerland and into other international markets.”
Centi, they believe they can fundamentally alter the way people view payments. With the use of Bitcoin technology, they can offer genuine value-added solutions that go well beyond being just another payment option, enabling a multilateral payment experience.