Sorted Wallet has successfully raised $4.4 million in seed funding, with a significant $3.4 million in equity led by Tether and Gnosis. An additional $1 million was contributed by Vox Solutions. Since its launch in 2022, the wallet, known for its minimal 10 MB size, has achieved 500,000 downloads and is experiencing rapid growth in regions such as Nigeria, Kenya, and Bangladesh. Despite the ongoing volatility in cryptocurrency prices and mixed investor sentiment, this funding round indicates a positive outlook for the lightweight mobile crypto wallet. The fastest-growing markets for Sorted Wallet also include Tanzania and Madagascar, showcasing its expanding global reach.
Has Sorted Wallet Secured $4.4M in Seed Funding Led by Tether and Gnosis?
