SatoshiPay Raises $550K in Funding

SatoshiPay, a London, UK-based provider of solutions for B2B cross-border money transfer and micropayment processing through its blockchain-based instant payments platform, raised $550k in funding from the Stellar Development Foundation. The investment was made by way of convertible loan notes, which marks the third commitment made by SDF through its Enterprise Fund. SDF is a key partner of SatoshiPay providing maintenance and partner support for the Stellar decentralised ledger network. SatoshiPay intends to use the funds to continue to develop its B2B solution for commercial, cross-border payments and its digital wallets.

SatoshiPay Secures $550K Investment from Stellar Development Foundation

SatoshiPay is a London, UK-based provider of solutions for B2B cross-border money transfer and micropayment processing through its blockchain-based instant payments platform. Founded in 2014, the company offers solutions for B2B cross-border money transfer and micropayment processing through its blockchain-based instant payments platform. SatoshiPay was one of the first businesses to use Stellar commercially and has, to date, processed $650,000 in payments from over 200,000 accounts. Its open-source wallet for the Stellar network, Solar, has been downloaded more than 25,000 times in 40 countries. The company has a development office in Berlin and is also backed by Axel Springer.

SatoshiPay is a London, UK-based provider of solutions for B2B cross-border money transfer and micropayment processing through its blockchain-based instant payments platform.

5 years ago

SatoshiPay Secures $550K Investment from Stellar Development Foundation

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