UK Stablecoin Remittance Platform Seva Money Completes $5 Million Seed Round

TechFlow news, November 10: According to a Seva Money announcement, the UK remittance infrastructure company announced on November 9 that it completed a $5 million seed round, co-led by Blockwall and Revent, with continued participation from Seedcamp, Stride, and Ada Ventures.

Seva Money provides remittance operators with white-label wallets and bank cards, integrating fiat and stablecoin channels so recipients can access savings, healthcare, and other services. The company said its recipient-side services are live in India and Mexico, and it plans to expand to the Philippines, Kenya, Nigeria, Tanzania, and Ghana over the next 12 months. The funding will be used for product development, expanding operator partnerships, and broadening market coverage.

Source: TechFlow