Due Raises $3.3M in Seed Funding
Summary
Due, a London, UK-based provider of a stablecoin and blockchain technology payment platform, raised $3.3M in Seed funding. The round was led by Semantic and Fabric Ventures, with participation from BlockTower, Speedinvest, Polymorphic Capital and Discovery Ventures, as well as angel investors including ItamarLesuisse (CEO at Argent), Pavel Karagjaur (VP of Growth at Bolt) and Emil Urmanshin (Director of Crypto at Revolut). The company intends to use the funds to further develop its technology and to expand its fiat currency connectivity to more markets. Co-Founded by Robert Sargsian, CEO, and Alex Popov, CTO, who are joined by a global team spanning across London, Munich, New York, Sofia, Lagos and Mexico City, Due is a fintech startup with a vision to reshape international payments through stablecoins and blockchain technology. By building on Ethereum and its various scaling solutions (e.g. Arbitrum, Base, OP, with Starknet and zkSynccoming soon), Due aims to empower underserved and emerging markets with uninterrupted access to global liquidity, while facilitating transactions at lower costs and faster settlement times compared to traditional methods.