Mercuryo.io raises 2.5 million euro through Seed funding round

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • Mercuryo.io has managed to secure 2.5 million Euro in the seed funding round
  • company has managed to demonstrate 20x volume growth in the last six months
  • The Crypto wallet is now running the process to have a partnership with Kraken and Cryptology

Mercuryo.io is one of those companies which has a cryptocurrency as a legal payment instrument. Regulated by the state regulation of Estonia, the company has managed to secure 2.5 million Euro in the seed funding round. 

Mercuryo.io’s technology empowers businesses to be part of the global blockchain community and use cryptocurrencies as a mode of payment. The company with its co-founders – Petr Kozkyakov, Greg Waisman, and Alexander Vasiliev, is connecting the market of Tallinn and London means trying to cover all the European market.  

Kozyakov, explaining Mercuryo.io’s growth, says that the company has managed to demonstrate 20x volume growth in the last six months. And with the company gaining the popularity charts, Kozyakov feels that they could soon reach 200K+ users base. He feels that its prospect that the client see that big names such as Bitfinex, BitForex, BTC-Alpha etc are integrating with Mercuryo.io. 

The funding could turn out to be a great motivator for cryptocurrency developers and users all over the world 

Started in 2018, Mercuryo.io soon developed itself as a crypto wallet and got two important licenses; first for providing crypto wallet services and second for providing exchange services for cryptocurrency to the official currency backed by the Estonian government.  The Crypto wallet is now running the process to have a partnership with Kraken and Cryptology. 

Further, the company wants people to use cryptocurrencies and transact on it as on the go freely. For more secure transactions by cryptocurrencies, the company has dealt no for personal data protection, it has applied for PCI DSS Level 1 Security. 

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