May 8, 2024
CityPay.io, a Georgian start-up specializing in cryptocurrency payments, has successfully raised over €2 million in a seed funding round. The investment, led by Tether with contributions from Presto Ventures and several angel investors, will support CityPay.io’s expansion into new markets, particularly the CIS region, and the development of a new B2C platform.
Key Features:
● Secure: Ensures safe and reliable crypto transactions.
● Versatile: Multiple payment channels for diverse business needs.
● Efficient: Seamless conversion of crypto to fiat currency.
● User-friendly: Simplified process for both businesses and customers.
Strategic Use of Funds:
● Team Expansion: Hiring top talent to enhance platform development and operations.
● Market Access: Expanding into the CIS region and other new markets.
● Product Development: Developing a new B2C platform to increase user adoption.
About the Company
Founded by Eralp Hatipoglu (CEO) and Beka Kemertelidze, CityPay.io is at the forefront of fintech innovation, enabling businesses to accept cryptocurrency payments through various channels. These include web payment integration, POS terminals for physical locations, email billing for one-time transactions, and individual initial deposits. CityPay.io seamlessly converts crypto transactions into fiat currency, simplifying the payment process for businesses.
CityPay.io has transformed Georgia's crypto landscape over the past two years, fostering a culture of everyday crypto transactions for goods and services. The company's mission is to make cryptocurrency accessible to everyone, and the recent funding will help achieve this goal.
Website: https://www.citypay.io/
Twitter Account: @citypayio / X
Twitter Followers today: 445
Investor Profile
Investor: Tether
Description: Tether is a leading player in the cryptocurrency space, known for its stablecoin USDT. The firm supports innovative projects that drive the adoption of digital assets.
Location: United States
Website: https://tether.to/
LinkedIn: https://www.linkedin.com/company/tether
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