Due secures £2.7m seed investment led by Semantic and Fabric Ventures to expand technology and connectivity.
The seed round was co-led by Semantic and Fabric Ventures with participation from multiple institutional backers and angel investors.
Due provides borderless multi-currency accounts and international payments through a decentralised, non-custodial platform. The firm gives clients direct control over digital assets using blockchain technology.
London-based fintech startup Due has secured £2.7m in a seed round co-led by Semantic and Fabric Ventures. The financing will support the continued development of the company technology and help expand its fiat currency connectivity across additional markets.
Additional backing for the round came from BlockTower, Speedinvest, Polymorphic Capital, Discovery Ventures, and notable angel investors including Itamar Lesuisse, Pavel Karagjaur, and Emil Urmanshin. The firm builds on blockchain infrastructure to offer non-custodial accounts and streamlined international payments.
From the founder
"We believe that most future payments will occur on-chain. In fact, spreads for USD/EUR stablecoin pairs on DEXs are already more attractive than USD/EUR fiat pairs on traditional FX platforms today,"
Robert Sargsian
CEO and Co-Founder at Due
Investor perspective
"Due’s approach to programmable on-chainpayments is very forward-looking and aligned with the whole crypto ethos. We are excited tosupport the team in their journey."
Anil Hansjee
General Partner, Fabric Ventures
Use of funds
- 01Continue product development
Investors
Semantic
Anil Hansjee
Fabric Ventures
Thomas Klocanas
BlockTower
Olga Shekhantsova
Speedinvest
Polymorphic Capital
Discovery Ventures
Categories
About the company
Due
Due provides borderless multi-currency accounts and international payments through a decentralised platform.