Airswift, a FinTech startup pioneering Web 3.0 native payment solutions, has raised $2m in a pre-seed funding round led by CE Innovation Capital (CEiC).
Airswift aims to pioneer crypto payment solutions for business and consumers globally. Co-founded by CEO Dr. Yan Zhang, a successful entrepreneur in crypto, e-commerce and FinTech, the company provides a web 3.0 native omnichannel payment gateway crypto-funded prepaid cards, and on/off ramp services that connect businesses with consumers.
With blockchain technology at its core, Airswift is building payment infrastructure native to Web 3.0. This includes an easy-to-use on-chain payment gateway that allows merchants to accept both crypto and fiat currency, enabling frictionless purchases with digital assets. Airswift said it plans to launch its initial product by September 2022. The company said this would make it one of the first full-stack payment gateway solutions that facilitate digital asset acceptance around the globe.
This funding round comes amid a time of severe market uncertainty surround crypto. Airswift said however, that this indicates that investors remain confidence about Airswift’s model despite this, and are positive about the future of payment solutions that power the use of digital assets.
CEiC said it firmly believes blockchain enabled payment solutions are a fundamental technological innovation that could create a paradigm shift in the financial services industry worldwide. The FinTech investor added that the market is in its infancy, with huge potential for growth.
Dr. Yan Zhang, co-founder and CEO of Airswift, said, “The raise from CEiC shows that investors are confident in our unique strengths in blockchain R&D, payment gateway operations, regulatory compliance, among other factors.
“The current challenge associated with enabling crypto payments lies with both technical areas and fund aggregation. Airswift is committed to solving these issues with a decentralized payment gateway that protects user privacy and supports a liquidity pool model powered by block-chain technology.”
A recent report by Avaloq revealed that around 90% of UK investors that currently don’t own crypto or currently invest in an exchange would invest in crypto with their financial provider if they had the option.
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