ChainCatcher report, according to The Block, the lightweight mobile crypto wallet Sorted Wallet has completed a $4.4 million seed round, including $3.4 million in equity financing led jointly by Tether and Gnosis, with participation from individual angel investors such as Movement, Angel Invest Group, and the founder of RWA.io. An additional $1 million comes from strategic support by Vox Solutions. Launched in 2022, Sorted Wallet has a mere 10 MB installation size and is the lightest crypto wallet available, with 500,000 downloads to date. Its fastest-growing markets include Nigeria, Kenya, Tanzania, Bangladesh, and Madagascar.
Sorted Wallet Secures $4.4M Seed Round Led by Tether and Gnosis
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Summary
Sorted Wallet has raised $4.4 million in seed funding, with $3.4 million in equity led by Tether and Gnosis, and $1 million from Vox Solutions. Launched in 2022, the wallet has a 10 MB footprint and 500,000 downloads, with strong growth in Nigeria, Kenya, and Bangladesh. Amid ongoing crypto price volatility, the funding comes as investor sentiment shifts and the Fear & Greed Index remains mixed.
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