Swapin, a Tallinn, Estonia-based EU-regulated crypto payment provider known for crypto-to-fiat solutions, closed a private investment round, raising €1.68M.
The backers were not disclosed.
The funds, combined with the support of experienced advisers, will allow the company to increase its market share.
Led by Evald Hannes-Kree, CEO, Swapin is an EU-licensed, regulated crypto-to-fiat payment processing company. The company allows the conversion of crypto funds into fiat by direct deposit to a selected IBAN account, avoiding accounting and legal compliance struggles.
Swapin has launched two innovative crypto-to-fiat solutions designed directly for businesses.
- CoinCollector, which allows businesses with clients interested in paying with crypto to accept payments without dealing with crypto-related compliance or accounting. Via a shareable payment link, clients can pay via crypto, and an equal sum in fiat will hit the merchant’s bank account;
- E-com, a widget that merchants can integrate into any website to dynamically accept crypto that is instantly converted to fiat.
FinSMEs
02/04/2022