Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR
, a startup that has built a cross-border payments network, has raised $7.5 million in a Series A round of funding.
The London-based company describes itself as "a crypto infrastructure company" that aims to make blockchain useful for businesses via its "digital asset payment gateway." Specifically, it aggregates various payment solutions and provides fiat and crypto payments and payouts for businesses.
Put more simply, Mercuryo aims to use cryptocurrencies as a tool for putting in motion next-gen, cross-border transfers or, as it puts it, "to allow any business to become a fintech company without the need to keep up with its complications."