Centbee, a London-based company that facilitates digital money payments on the Bitcoin blockchain BSV, has secured $1 million in a pre-Series A funding round led by Ayre Ventures. This venture capital firm specializes in financing blockchain and Bitcoin projects.
Centbee stated that the financing will improve its technical and operational ability to drive further growth.
Centbee’s digital money transfer service
Founded in 2017, Centbee offers fast and intuitive money transfer service via its mobile app on iOS and Android. It has already facilitated tens of thousands of cross-border transfers to Africa using the secure and cost-effective BSV blockchain and a service called Mini money.
The app also allows users to request payments, send local currency to other people directly, and access various digital money products and services.
Mint Money claims to provide a “true peer-to-peer” transfer service, where every transaction is recorded in a BSV ledger, providing complete transparency.
Utilization bitcoin Remittance payments can be faster than traditional financing mechanisms such as SWIFT for informal global money transfers.
Centbee plans to expand its Bitcoin transfer service with this funding in 2023. The company bills itself as “more than just a digital money wallet,” with a focus on chat features and communication with friends and family.
More than just a digital wallet
Centbee also includes ChatPay, which allows users to send money via the chat app within the wallet. Headquartered in London, with offices in South Africa, Centbee was founded by co-CEOs Laurian Gamarov and Angus Brown.
Gamaroff is a highly regarded expert on blockchain and cryptocurrency technologies, with extensive experience advising regulators and companies internationally. Brown brings 20 years of experience in payments and banking, including as CEO of eBucks.com.
The funding raised for Centbee for its Bitcoin transfer service highlights the potential of blockchain technology to improve cross-border payments and financial services. It also demonstrates the growing interest and investment in blockchain-based companies and their potential to disrupt traditional financial systems.