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      Utorg's Logo

      Utorg - Seed

      Overview Investors Founders Company Profile / Project Introduction

      Overview

      Funding Date

      December 16, 2022

      Financing amount

      $5M

      Valuation

      --

      Catagory

      CeFi

      Subcategory

      Exchange

      About Utorg - Seed

      Tallinn-headquartered Utorg has raised $5 million in seed funds to grow headcount and IP for its fiat currency-to-crypto  "super app". The round is being led by digital assets VC Dragonfly alongside Kyiv/Frankfurt/US investor TA Ventures and Web3 VC fund Hypra. The seed funds will allow Utorg to bring in more IP licences, add to its headcount and look at new revenue generation channels.

      Investors

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      Fund United States of America 2018 129 info@dragonflycapitalpartners.com
      Corporate Germany 2010 4 info@taventures.vc
      Fund Portugal 2022 3 info@hypra.fund

      Founders & Team

      Eugene Petrakov's Logo

      Eugene Petrakov

      Artem Barannyk's Logo

      Artem Barannyk

      Company Profile / Project Introduction

      UTORG is a FinTech company that offers а modern fiat to crypto exchange infrastructure to deliver а top-notch user experience. The company is EU-based and holds a license for providing a virtual currency service, in particular exchanging a virtual currency against a fiat currency, virtual currency wallet service, exchanging a virtual currency against a virtual currency. UTORG OÜ has PCI DSS Level 2 certification.

      Utorg's super crypto app will debut before 2022-end. This Estonian contender is promising "modest" fees in what is a fairly competitive market, and says the money will provide its main source of revenue. Besides the price point, its app is slated to offer new features for digital asset power users, adding to Utorg's existing fiat-to-crypto exchange, which supports a variety of crypto coins and accepts fiat from 187+ countries.

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      *Fundraising Announcement: Click here