Mercuryo.io, an Estonian startup providing cryptocurrency payment processing solutions, closed a €2.5m seed funding.
The round was led by Target Global.
Founded in Estonia in 2018 and led by Petr Kozyakov, Mercuryo.io is a cross-border payments network that enables businesses across the world to send and receive payments for goods and services using cryptocurrencies. Its infrastructure provides solutions for virtual accounts, business payments, remittance processing, and mass payouts regardless of local payment methods and currencies. The technology allows cryptocurrencies to be used in any form of payments worldwide, empowing more businesses to be part of the global blockchain community.
Mercuryo.io has launched with 150+ crypto projects to become a crypto-fiat gateway with a further launch of multiple other crypto payments products.
The company, which has offices in Tallinn and London, complies with PCI DSS international information security standards, which means tight control measures surrounding the storage, transmission and processing of data that businesses handle.