The PennZone

TALLINN, Estonia - PennZone --

• Weld Money has raised $3.6M in the latest funding round.
• The startup plans to launch its digital assets Visa cards in Europe and the CIS region by the end of the year.

Weld Money, an Eastern European startup which allows users to use Weld card to pay for any purchases or services with cryptocurrency or other digital assets the same way as with a traditional bank card, has raised $3.6M in the latest funding round.

The round was made possible through the sale of WELD tokens and was backed by Magnus Capital, HSVC Capital, Concorde Capital and others. The public sale of WELD tokens will be available on September 22 on Uniswap and Pancakeswap

More on The PennZone

• Mark Dobosz Makes Donorassess.org Free To Every Nonprofit On The Planet
• Genpak Announces Closure of Utah Manufacturing Facility
• Newborn Care Network Introduces Clinical Standard to Bridge the Six-Week Postpartum Gap
• The AAA Metamorphosis: How Global Gaming Is Redefining Production Standards
• Monexplora Explains the Options Mechanics Behind March's Tech Selloff and VIX Surge

The launch and vesting schedule of WELD tokens is secured via the Kaizen Finance platform. Investors are able to utilize their tokens within the Weld ecosystem and take advantage of investor benefits, such as staking.

The capital injection will help Weld Money to launch first cards in October 2021 in Ukraine, and by the end of the year in Europe and the CIS region, said Weld Money Co-Founder and CEO Alexey Bobok. Weld Money also plans to direct the capital towards research and development to grow its adoption. In addition, the startup is looking to expand the current team by hiring more staff.

More information about Weld