As reported by FinSMEs Estonian startup Mercuryo.io, working on providing cryptocurrency payment processing solutions, has closed a €2.5 million funding round led by Target Global.
Mercuryo.io is a cross-border payments network that enables businesses across the world to send and receive payments for goods and services using cryptocurrencies. Its infrastructure provides solutions for virtual accounts, business payments, remittance processing, and mass payouts regardless of local payment methods and currencies. The investor, Target Capital, is a large international VC fund with EUR 800m+ under management.
The startup’s mission is to make cryptocurrencies more accessible, or as they explain, to bring cryptocurrencies into our daily lives and allow us to handle our crypto transactions casually. So how does it do this? The startup offers a range of options, including virtual accounts, business payments, remittance processing, and mass payouts, no matter the local payment methods or currency.
Mercuryo.io was founded in Estonia in 2018 as a cryptocurrency exchange payment provider. It is operating across Europe, and it has offices in Tallinn and London. Mercuryo.io complies with PCI DSS international information security standards.
