Mercuryo.io, an Estonia-based cryptocurrency payment processing solutions provider, has reportedly secured €2.5 million through its Seed funding round, which was led by Target Global.
Founded in 2018, Mercuryo.io describes itself as a crypto wallet and BTC acquiring services for businesses. The company’s mission is to introduce cryptocurrencies into its customers’ daily lives and allows them to handle their cryptocurrency transactions “casually.”
“Mercuryo was founded in 2018 in Estonia known as a technologically developed state that has a legal definition of cryptocurrency status as an alternative means of payment. Cryptocurrencies related business is regulated by the Law and supervised by state regulators - Estonian Financial Supervision Authority and the Money Laundering Bureau.”
Mercuryo also reported it has two licenses for providing a virtual currency wallet service and for providing services of exchanging a virtual currency to fiat currency granted by the Estonian government. The company revealed it is partnering with crypto exchanges Kraken and Cryptology, as well as KYC/AML providers.
“Your card transactions are protected by MasterCard SecureCode and Verified by VISA. We apply PCI DSS Level 1 security standards to process your personal data. Your private key is safely stored and fully restorable thanks to customer verification. Cryptocurrency is stored in safe offline wallets.”
According to Finsmes, Mercuryo.io has launched with more than 150 crypto projects to become a crypto-fiat gateway. The company has offices in Tallinn and London.