Centi closes seed round to expand blockchain-based micropayments

By Gloria Methri

Centi has announced the completion of its seed financing round led by Archblock and Bloomhaus Ventures with continued investments from existing shareholders and founders.

Specialising in processing transactions as small as a cent, Centi is planning the global expansion of its blockchain-based micropayment solutions and an increased footprint in promoting financial inclusion.

The funds secured in this financing round will fuel the company’s mission to revolutionize digital transactions on a global scale.

“Our investment signifies our belief in Centi’s potential to innovate in the FinTech landscape”, said Alex de Lorraine CEO of Archblock, who spearheaded the financing round.

“Our expertise in blockchain and digital currencies perfectly aligns with Centi’s approach. Centi presents a highly intelligent solution to the global challenges posed by micropayments today”, said Pascal Stürchler, Co-Founder and CEO of Bloomhaus Ventures. “Leveraging our extensive global network, we are poised to offer valuable support in enabling Centi to extend its transformative solutions beyond Switzerland and into other international markets.”

“We founded the company driven by the potential of blockchain for micropayments and financial inclusion,” stated Bernhard Müller, Co-Founder of Centi. “The success of our financing round is a testament to being on the right trajectory and receiving support for our mission to revolutionize current payment processes with the Centi stablecoin.”

Centi has introduced real-world applications of blockchain technology, to address two significant shortcomings: the inefficiency of micropayments and the lack of financial inclusion. Through its proprietary stablecoin technology, the company achieves compatibility with existing payment infrastructures and also pioneers innovative solutions in these critical areas.

Micropayments (B2B): Centi confronts the inefficiency in processing micropayments, enabling transactions as minimal as a cent, and unlocking new opportunities for digital content monetization.

Financial Inclusion (B2C): Centi offers a direct-to-consumer stablecoin that can be purchased with physical cash, providing a crucial gateway for the unbanked into the world of digital payments and credit cards.