Monerium
Latest round
- Seed
Last raised
- Jan 2019
Total raised
- $2M
Investors
- 3
About Monerium
Founded in 2015 in Reykjavik, Iceland, Monerium is focused on bridging traditional finance with blockchain technology through its EURe stablecoin. The company is co-founded by Gísli Kristjánsson, Hjörtur Hjartarson, Jon Egilsson, and Sveinn Valfells, with Sveinn Valfells serving as CEO.Monerium offers a suite of financial services centered around its flagship product, the EURe, a fully authorized and regulated stablecoin designed to facilitate fast and cost-effective transactions across the blockchain. The EURe operates as an ERC20 token, enabling seamless transfers between off-chain bank accounts and on-chain web3 wallets, addressing the gap in EUR-backed digital assets in the market. This product is aimed at individuals and businesses looking for rapid, low-cost payment solutions, leveraging the SEPA banking infrastructure for enhanced functionality. Monerium's services are integrated with popular blockchain networks including Ethereum, Polygon, and Gnosis, allowing for cross-chain transfers and interoperability.3 in 2023. The firm generates revenue through transaction fees associated with its stablecoin services and API offerings, allowing businesses to design cost-effective payment systems tailored to their needs.Monerium aims to expand its product offerings and geographic reach, with a focus on new markets. The company is targeting growth within the European Economic Area and plans to explore opportunities for further expansion into other regions by the end of 2023.
Who invested in Monerium
3 investors across 1 round
See all investors in Monerium
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Seed
Jan 11, 2019
Amount
$2M
Investors
Questions about Monerium
Who invested in Monerium?
Monerium has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Monerium raised?
Monerium has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Monerium last raise money?
Monerium's most recent round on record is a Seed, in Jan 2019.
What does Monerium do?
Founded in 2015 in Reykjavik, Iceland, Monerium is focused on bridging traditional finance with blockchain technology through its EURe stablecoin.
Where is Monerium headquartered?
Monerium is headquartered in Reykjavik, Iceland.
Which VCs invest in companies like Monerium?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Monerium's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
Raising like Monerium? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.