Wert, a Tallinn, Estonia-based provider of a payment platform that introduce direct NFT purchase with credit cards, raised $5M in Seed funding.
The round was led by Tagus Capital with participation from Tezos Foundation, VR Ventures, Element Ventures, Digital Horizon, and JDAC.
The company intends to use the funds to expand geographic coverage and to continue building innovative financial infrastructure solutions for Web3 startups.
Wert uses embedded finance technology in order to simplify purchasing of NFTs and other DeFi products. Its payment module facilitates user acquisition by bringing regulatory, compliance, payments and blockchain interoperability for projects built on blockchain. The service is easy to plug-in and is already operating on big NFT projects such as Rarible, Mintable and KnowOrigin and has established partnerships with retail players.