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Due - Seed
Overview
Funding Date
November 7, 2023
Financing amount
$3.3M
Valuation
--
Catagory
Subcategory
About Due - Seed
Due has raised $3.3 million in a seed funding round co-led by Semantic and Fabric Ventures. Other investors included Blocktower, Speedinvest, Polymorphic Capital and Discovery Ventures. The new funding in this round will be used to further develop Due’s technology and to expand its fiat currency connectivity to more markets.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United Kingdom | 2017 | 23 | contact@semantic.vc | ||
| Fund | United Kingdom | 2017 | 59 | hello@fabric.vc | ||
| Fund | United States of America | 2017 | 34 | info@blocktower.com | ||
| Fund | Austria | 2011 | 13 | office@speedinvest.com | ||
| Fund | United Kingdom | 2021 | 19 | info@polymorphic.capital | ||
| Fund | Germany | -- | 3 | -- |
Founders & Team
Robert Sargsian
Alex Popov
Company Profile / Project Introduction
Established in 2022, Due is a London-based fintech startup with a vision to reshape international payments through stablecoins and blockchain technology. The company provides multi-currency accounts, global transfers/remittances and merchant acquiring for businesses and individuals.
Due built its platform on top of decentralised networks to enable accessible, fast and cheap international money movements. The platform is non-custodial, enabling clients to have full control of, and direct access to, their assets without the involvement of intermediaries.