2 years ago

Due Raises $3.3 Million to Bring Blockchain Payments to Global Remittances

  • Due, a London-based payments startup founded by an alum of Revolut and Bolt, has secured $3.3 million (£2.7 million) in funding

  • The startup aims to bring stablecoins and blockchain technology to the global remittance space, providing underserved and emerging markets with quick access to liquidity

  • The funding round was led by Semantic and Fabric Ventures, with participation from BlockTower VC, Speedinvest, Polymorphic Capital, and Discovery Ventures

  • Due is built on Ethereum and is set to launch this month, focusing on connecting the US, Europe, UK, and Sub-Saharan Africa, with further expansions planned for Latin America and Asia-Pacific next year.

      • ProblemFinancial Services

      "Transferring money internationally is expensive, slow, and difficult, especially for emerging markets."

      Solution

      "Due offers a blockchain-based platform that streamlines international payments, making them faster, cheaper, and more accessible, particularly for underserved and emerging markets."

      Covered on