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

• Studica Robotics Receives 2026 Partner Excellence Award from FIRST® Robotics Canada
• Seven Games That Make You Think (and Smile) Earn 2026 Mensa Select® Honors
• Mark Schork Honored by Legal Intelligencer as Lawyer on the Fast Track
• New Research Reveals Gen Z Trusts Independent Sources Over Influencers — Exposing What We are Talker Calls "The Independent Validation Gap"
• Morphy's April 28 Premier Coins auction is a numismatist's dream, with 368 lots of antique and vintage US gold and silver coins and more

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