Solvo: Raises $3.5M in Seed Funding

Solvo Raises $3.5M in Seed Funding

  • Solvo, a Lithuania-based app that provides access to crypto investments, raised $3.5M in Seed funding
  • The round was led by Index Ventures, with participation from CoinFund and FJ Labs
  • The company intends to use the funds to expand operations, as well as to build its product offering
  • The company provides an iOS app that enables crypto investments
  • It also functions as a wallet that supports the buying, selling, deposit and withdrawal of the 10 highest quality crypto-currencies with an easy interface
  • The company has submitted its Crypto Exchange, as well as Crypto Custody registrations
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

CFIT Strengthens Digital Identity Solutions for Businesses

New regulations aim to streamline company verification processes.Highlights: CFIT has introduced measures for improved digital identities.Changes aim to...

AI-Based Loan Origination Platform Fuse Secures $25 Million in Funding

Funding will enhance Fuse's AI-driven lending solutions for financial institutions.Highlights: Fuse raises $25 million to boost its AI-powered...

Nordea Cuts 1,500 Jobs as AI Drives Cost Savings

Banking giant Nordea announces significant layoffs amid AI transformation.Highlights: Nordea to eliminate 1,500 positions due to AI advancements.Cost-saving...

Visa Strengthens AI Payments Trials with Multiple Banks in the UK and Europe

Visa collaborates with numerous banks to innovate AI-driven payment solutions.Highlights: Visa partners with several banks in the UK...