Wind.App, a cutting-edge FinTech startup, recently announced a substantial $3.8m pre-seed funding round.
This notable investment was co-led by Global Founders Capital and Spartan Group, with significant contributions from Saison Capital, Alumni Ventures, and Tiny VC. The funding round marks a significant step forward for this innovative company.
Operating in the FinTech sector, Wind.App specializes in streamlining cross-border payments. It sets itself apart as a self-custodial smart-contract wallet, which simplifies the complexities of Web3 into a user-friendly interface. This approach, combined with the power of blockchain technology, ensures instant settlement times, lower transaction fees, and offers users access to yields over 5%.
The funding will be instrumental in bolstering Wind.App’s unique value proposition. The company aims to utilize these funds to expand its global reach, focusing initially on strengthening the payment corridor between the United States and Southeast Asia. This investment enables Wind.App to continue its mission of simplifying cross-border payments, a crucial aspect of today’s increasingly globalized economy.
Additional features of Wind.App include its unique underlying infrastructure designed to minimize costs. The company has developed its own on/off ramps to make price points competitive, and its enterprise APIs for collection and disbursement are also available for other businesses to use.
Wind.App CEO Hussain Elius shared his enthusiasm, stating, “This funding marks a significant milestone for Wind. We are excited to continue our mission of simplifying cross-border payments and expanding our global reach.”
Prior to this round, Wind.App had already made a substantial impact, facilitating over $3m in annualized Gross Transaction Volume (GTV) within months of its launch. This early success underscores the company’s potential in the FinTech landscape.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global