Zurich – Fintech start-up Centi has successfully completed a seed financing round led by Archblock and Bloomhaus Ventures. The funds are intended to support Centi’s commitment to expanding digital transactions.
Zurich-based start-up Centi announces the successful completion of its seed financing round led by Archblock and Bloomhaus Ventures. There have been further investments from existing shareholders and founders, according to a press release. The funds secured in this financing round will support Centi's initiative to revolutionize digital transactions on a global scale. Centi says it is known for its ability to process transactions from 1 cent and is poised for global expansion of its blockchain-based micropayment solutions and a stronger presence in promoting financial inclusion.
"We founded Centi because of the potential of blockchain for micropayments and financial inclusion," says Bernhard Müller, co-founder of Centi. "The name 'Centi' itself, derived from our ability to process transactions as small as one cent, sums up this focus." The success of the financing round is proof that Centi is on the right track.
"Our investment shows that we believe in Centi's innovation potential in the fintech landscape," said Alex de Lorraine, CEO of Archblock, who led the financing round. "Our expertise in blockchain and digital currencies fits perfectly with Centi's approach."
Pascal Stürchler, co-founder and CEO of Bloomhaus Ventures, is quoted as saying that Centi represents a highly intelligent solution to the global challenges facing micropayments. "With our extensive global network, we are able to support Centi in expanding its transformative solutions beyond Switzerland to other international markets," says Stürchler. ce/gba