# Centi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/centi

- Industry: Financial Services
- Headquarters: Zurich, Switzerland
- Website: www.centi.ch/
- Total disclosed funding: $2M
- Latest round: Seed (Dec 20, 2023)
- Investors on record: 2

## About

Centi Ltd, based in Switzerland, specializes in Web3 payment solutions that enhance digital inclusivity for unbanked and underbanked populations by facilitating seamless cash-to-digital currency conversions.Founded in 2020, Centi Ltd operates out of Zurich, Switzerland, offering innovative digital payment solutions aimed at bridging the gap between traditional finance and digital inclusivity. The company has completed 2 deals, with its most recent funding round occurring on December 20, 2023. In this round, Centi raised EUR 1.8 million in Seed funding, led by Archblock, Inc. and Bloomhaus Ventures. Centi does not operate as a subsidiary and there are no known changes in its business operations or strategy since its inception.Centi focuses on delivering innovative digital payment solutions designed to empower unbanked and underbanked individuals by bridging the gap between traditional finance and digital inclusivity. The company’s core offerings include a non-custodial wallet system that facilitates the conversion of cash into digital currency, enabling seamless access to digital payments without the traditional barriers of banking systems. Centi's micropayment technology drastically reduces transaction fees, making it viable for users to engage in small-scale transactions and fostering an environment for previously uneconomical microtransactions. The company also provides stablecoin services, ensuring a reliable means of digital exchange, which is critical for building trust among users new to digital financial systems. Furthermore, Centi’s tokenization capabilities enhance asset liquidity and accessibility for both individuals and businesses. These services are primarily targeted towards markets in Africa, where the need for accessible financial services is particularly acute, alongside ongoing expansions into other global markets.Centi's revenue model is primarily structured around transaction fees generated from its digital payment solutions, including micropayments and stablecoin transactions. The company engages in partnerships with businesses that integrate Centi’s payment systems into their existing infrastructures, facilitating direct transactions between merchants and end consumers. Through these collaborations, Centi charges a fee for each transaction processed via its platform, which allows businesses to benefit from reduced processing costs compared to traditional payment methods. Retailers and service providers utilizing Centi's solutions can streamline their payment processes while providing a cost-effective experience for their customers. The flagship product offerings, including their stablecoin and micropayment services, are expected to enhance the overall transaction volume and financial inclusion, further driving revenue growth through widespread adoption among users in various regions.In December 2023, Centi Ltd raised EUR 1.8 million in Seed funding, which will be utilized to accelerate worldwide growth. The company plans to introduce new products aimed at enhancing its digital payment solutions and is targeting expansion into new markets, particularly in Africa and other global regions, within the coming year. This funding will support their strategy to reach more unbanked individuals and foster broader financial inclusion.

## Funding rounds

- Seed, Dec 20, 2023, $2M — Archblock, Inc., Bloomhaus

## Investors

- Archblock, Inc. — Seed
- Bloomhaus (https://capitalatlas.ai/funds/bloomhaus) — Seed