Swapin Secures €1.69M in Funding Round, Attracts Investment Industry Icons

Swapin, formerly of Piixpay fame, has rebranded itself and began raising funds to launch its ambitious new plans and roadmap. As a result, Swapin has secured €1.69M in a successful funding round that has at the same time attracted several crypto and finance industry icons to the Swapin advisory board.

Here is more information about Swapin’s buzzworthy funding round, who has joined the Swapin team, and all about Swapin’s innovative products and services.

Introducing Swapin: How Crypto-To-Fiat Payments Came to Be

The story begins with Swapin founder and CEO Evald-Hannes Kree recognizing that there was a massive gap between the world of digital assets and traditional finance. Kree recalls the early days of his career in crypto when finding a partner bank to fund his ambitious vision was still a challenge.

Since then, Kree and the Swapin brand have become leaders in the crypto-to-fiat payments space. Swapin offers a full suite of B2C and B2B tools that make doing everyday, ordinary money-related tasks like grocery shopping, covering monthly bills, or paying for services at a wide range of merchants online. It is even easy for merchants to accept cryptocurrencies and immediately be paid in a corresponding bank account in EUR, all without the fees, fluctuations, and headaches related to crypto custody, accounting, and compliance.

B2C tools include Instapay and Instafill, with a new Instabuy crypto purchasing option on the way. B2B solutions include E-Com and CoinCollector, each allowing merchants and businesses to accept crypto yet receive fiat instead. These merchants can tap into new revenue streams and grow customer satisfaction using payment links and widgets, which can be implemented directly into a merchant website or online store.

Swapin Raises €1.69M, Industry Icons Enlist in Project Team

This incredible lineup and a refocus on select European countries as part of an updated roadmap that includes a marketing expansion has attracted some of the world’s most iconic innovators around finance and crypto. Combined, Swapin was able to raise a collective €1.69M. The funding round also attracted industry figures like Dmitry Pruglo, Marek Pärtel, Toomas Römer, and several others.

Pruglo is the co-founder of the Covesting platform, which was one of the first companies in the crypto industry to receive a Gibraltar DLT license. Toomas Römer, is the BOLT CTO and VP of engineering. Marek Pärtel is the co-founder and CEO of Estateguru, the leading European real estate lending platform with an annual investment of almost $500 million.

Together with the new team of brilliant minds, Kree believes Swapin “can change the world.” The Swapin roadmap is ambitious and includes the development of a virtual IBAN implementation. As a regulated company, Swapin is also working to receive its Electronic Money Institution license. A planned marketing expansion includes website localization, a multilingual mobile application, and a focus on Germany, France, and Nordic countries.

Swapin Solutions Make Crypto Simple for All

Swapin solutions make transacting in crypto simple while fiat still remains king. Businesses, banks, and individuals still must rely on fiat, and Swapin is the bridge that connects the two worlds seamlessly and frustration-free.

With each solution designed to take the challenges out of transacting in crypto, making automatic transfers from crypto-to-fiat a breeze is here today with Swapin. Find out for yourself by checking out the all-new Swapin website.