Cenoa Borderless Super Wallet Completes $7 Million Seed Round

Key Points:

• Getir CTO’s borderless wallet project Cenoa announced a successful call for 7 million dollars.
• Led by Quiet Capital (also supporting Robinhood, OneFootball) and Underscore, Human Capital, Ulu Ventures, Acrew Capital and the Spark Collective, and other investors participated.
• The proceeds go to grow its operations to expand beyond its core product and into new markets in Latin America, Africa, Southeast Asia, and Europe.

Cenoa, a non-custodial wallet company based in Singapore, has completed a $7 million seed funding round led by Quiet Capital (also supporting Robinhood, OneFootball) and Underscore, Human Capital, Ulu Ventures, Acrew Capital and Spark Collective, and other investors participated.

Borderless Super Wallet – @cenoaapp – Raises Us$7 Million In Seed Funding.

Read more: https://t.co/axNyRqsMEU#ewallets #fundraising #FinancialIT

— Financial IT (@financialit_net) February 6, 2023

The company will use the proceeds to expand its operations beyond its core products and into new markets in Latin America, Africa, Southeast Asia, and Europe.

Additionally, this funding will be used to recruit talent across various business functions, from product development to engineering to growth, for its completely remote global team.

Cenoa, a non-custodial wallet based on blockchain technology, was founded in 2022 by Emre Ertan (former CPO and CTO of decacorn Getir), Seçkin Çağlın (former McKinsey), Sırrı Perek (former Facebook) and Buğra Çakmak (former Facebook). -Google) to Help users prevent asset depreciation and grow savings.

“Cenoa offers easy access to digital dollar-based products, 100 percent designed for the everyday user. We believe in using modern technologies such as blockchain to provide one-click access to the digital dollar ecosystem to benefit the customers that need that access most – those in emerging economies lacking stable currencies like Argentina and Nigeria. People in these countries should be able to easily and affordably access US Dollars and beat inflation while saving, a function the traditional financial system has failed to provide.”

Seçkin Çağlın, Founder and Co-CEO of Cenoa, said.

Built on blockchain technology, its non-custodial savings solution cuts the costs of branches, intermediary fees, and other inefficient procedures of traditional banks. The Singapore company’s non-custodial wallet helps users to depreciate their assets and grow savings.

The company plans to add a dollar-based debit card and instant money transfers within 18 months.

Cenoa is currently available in 35 markets and aims to attract millions of customers globally. With 1,000 individual users in beta, the company is integrated with BiLira and Transak, connecting Cenoa to local banking systems.

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