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Sorted Wallet raised $1.5M in a funding round led by Tether Operations Limited to enhance financial inclusion across Africa and Southern Asia.

Sep 23, 202411 months ago

Amount Raised

$1.5 Million

Round Type

seed

Hong KongFinanceFintech

Investors

Tether Operations Limited

Description

Sorted Wallet, based in Hong Kong, raised $1.5M in funding to improve access to cryptocurrencies for users in emerging markets. The funds will be utilized to promote financial inclusion in Africa and Southern Asia.

Company Information

Company

Sorted Wallet

Location

Hong Kong, Hong Kong SAR, China

About

Sorted Wallet is a Hong Kong-based provider of a platform designed to provide easy access to cryptocurrencies for users in emerging markets. The company aims to enhance financial inclusion across Africa and Southern Asia. It offers secure and accessible cryptocurrency transactions, particularly catering to unbanked and underbanked individuals. The platform is designed specifically for feature phones and low-powered smartphones, promoting economic empowerment.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers