In a groundbreaking development for the fintech world, Centi, a Zurich-based startup, has recently closed a significant €1.8 million seed financing round. This investment is poised to revolutionize the realm of blockchain micropayments and significantly advance global financial inclusion.
Centi’s Innovative Leap
Centi, leveraging the power of blockchain technology, is making strides in providing accessible and efficient financial solutions. With its unique capability to process transactions as small as a cent, the startup is at the forefront of a global expansion in blockchain-based micropayment solutions.
“We founded Centi driven by the potential of blockchain for micropayments and financial inclusion,” says Bernhard Müller, Co-Founder of Centi.
“The name ‘Centi’ itself, derived from our capability to process transactions as small as one cent, encapsulates this focus.”
A Vision Supported by Investment
The €1.8 million seed financing, led by Archblock and Bloomhaus Ventures, along with contributions from existing shareholders and founders, reflects growing confidence in Centi’s vision. This infusion of capital is set to fuel the company’s mission to revolutionize digital transactions on a global scale.
“Our investment signifies our belief in Centi’s potential to innovate in the fintech landscape,” commented Alex de Lorraine, CEO of Archblock. “Our expertise in blockchain and digital currencies perfectly aligns with Centi’s approach.”
The Path to Global Impact
Centi’s commitment to redefining the payment industry by introducing real-world applications of blockchain technology addresses two significant challenges: the inefficiency of micropayments and the lack of financial inclusion. By using proprietary stablecoin technology, Centi achieves compatibility with existing payment infrastructures and pioneers innovative solutions in both B2B and B2C sectors.
Pascal Stürchler, Co-Founder and CEO of Bloomhaus Ventures, added:
“Centi presents a highly intelligent solution to the global challenges posed by micropayments today.”
Conclusion
With its roots in Switzerland and eyes on the global market, Centi’s recent funding marks a significant milestone in the fintech sector, especially in the realm of blockchain micropayments. As Centi gears up for its next phase of development, its journey becomes a beacon of innovation in financial technology, promising greater inclusivity and efficiency in global digital transactions.
We invite our readers to share their thoughts and insights on this exciting development. How do you see blockchain technology shaping the future of micropayments and financial inclusion? Join the conversation in the comments below.
