August 21, 2024
Miami-based Bitcoin startup TMRW has secured $1.3 million in pre-seed funding to develop its social payments app, which utilizes the Bitcoin Lightning Network. The funding round was led by Maple VC, with participation from Bitcoin angel investors like Brad Mills.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
TMRW | $1.3M | August 21, 2024 | Pre-Seed | Maple VC | Bitcoin |
TMRW plans to use the Lightning Network’s speed and low costs to enable cross-border peer-to-peer payments through Lightspark and ZeroHash. The app employs Universal Money Addresses, an open payment standard on Lightning, to facilitate instant fiat and Bitcoin transfers across borders.
This approach allows TMRW to offer fast, affordable remittances to regions such as the Caribbean, where traditional providers charge high fees. Remittances are a key use case for Bitcoin and Lightning due to their significant cost savings compared to traditional finance.
Co-founder Alexandra Lutchman highlighted that the app demonstrates Bitcoin’s potential for borderless payments among family and friends worldwide. The startup aims to showcase Bitcoin’s everyday utility and make payments more social.
The app includes features like adding messages, emojis, and images to payments. TMRW also helps onboard new users by allowing them to earn Bitcoin rewards and see how their contacts use Bitcoin.
TMRW is conducting pilots in the Caribbean and has launched its iOS beta for U.S. users. The funding will support expansion into the American market and enable global Bitcoin and fiat transfers.
About TMRW
TMRW is a Miami-based startup that has developed a social payments app using the Bitcoin Lightning Network. This app allows users to send money quickly and cheaply across borders. It supports both fiat and Bitcoin transactions, making it ideal for remittances, especially to regions with high transfer fees like the Caribbean. The app also includes social features like adding messages, emojis, and images to payments. TMRW is currently running pilots in the Caribbean and has launched a beta version for iOS users in the U.S.
Website: https://tmrw.so/old-home-3
About Investor
Investor: Maple VC
Maple VC is a venture capital firm that focuses on investing in Canadian founders who are building companies in America. They provide pre-seed and seed funding to help startups grow. Maple VC has backed companies across various industries, including technology and finance. They believe in the durability and potential of Canadian entrepreneurs and aim to support them in creating successful, long-lasting businesses.
Location: San Francisco
Website: https://www.maplevc.com/
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