SatoshiPay Secures €850k Fundraise to Propel Vortex into Global Markets 🚀
SatoshiPay is thrilled to announce the successful closing of a €850k fundraising round, marking a significant milestone for Vortex, our transformative blockchain-based payment solution built on the Pendulum network. This funding round brings together a prestigious group of investors and a grant from the Web3 Foundation, reinforcing confidence in Vortex’s potential to revolutionize global payments.
Strategic Support from Industry Leaders
This funding round was backed by prominent industry leaders, highlighting the strong support for Vortex’s mission:
• Web3 Foundation Grant: The grant from the Web3 Foundation underscores its commitment to fostering cutting-edge blockchain innovation.
• Danny Masters: Chairman of CoinShares, a global leader in digital asset investments.
• Meinhard Benn: Co-founder of SatoshiPay and a pioneer in the blockchain space since 2011.
• Alexander Wilke: Current CEO of SatoshiPay and a driving force behind the company’s vision since 2016.
• Blue Star Capital: An AIM-listed investment company on the London Stock Exchange, reaffirming its ongoing support as a key shareholder.
Vortex: Driving Decentralized Payments Across Borders
Vortex is designed to streamline global payments by bridging stablecoins with local fiat currencies. Built on the Pendulum blockchain, Vortex leverages innovative decentralized FX infrastructure to offer low-cost, efficient payment solutions across both traditional and blockchain-based systems.
With this funding, SatoshiPay aims to:
• Roll Out to Key Markets: Launch in Europe, Argentina, Brazil, and additional regions.
• Expand Blockchain Integrations: Deploy on Base, Ethereum, Polygon, Arbitrum, Binance, and Polkadot, ensuring interoperability across major networks.
• Drive Initial Market Traction: Lay the foundation for Series A fundraising by the end of 2025.
What Our Investors Are Saying
Danny Masters, Chairman of CoinShares
“Vortex addresses one of the most critical needs in the digital economy: seamless, cost-effective cross-border payments. With its strong technical foundation on Pendulum and a clear vision for scaling globally, Vortex is perfectly positioned to reshape the payments industry.”
Meinhard Benn, Serial Blockchain Entrepreneur
“Vortex represents the pinnacle of years of dedication to SatoshiPay’s vision to connect the world through instant payments. I’m proud to support this next chapter as we take on the challenge of revolutionizing payments in both emerging and established markets.”
Why Partner with Vortex?
Vortex is more than just a solution for seamless currency conversion — it’s a transformative platform for the global financial ecosystem, offering unparalleled benefits for both users and partners.
What Does Vortex Offer?
Vortex enables instant and low-cost conversions of USD stablecoins into local currencies, providing a superior user experience with highly competitive FX rates. While retail adoption is part of our strategy, our primary focus is partner integration with platforms that bring scale and global reach.
- Oracle-guided AMM technology with minimal slippage FX swaps and single-sided liquidity provision
- Offchain FX is brought on chain, providing transparent, tamper-proof exchange rates, enabling secure atomic swaps
- Local-currency stablecoin links offer a way around expensive USD ramps in emerging markets
Why Integrate Vortex?
Vortex is designed to integrate effortlessly with a wide range of partners, delivering significant value to their users:
- Wallet Integrations: Vortex offers the best FX rates for stablecoin conversions, making it an ideal choice for wallets like MetaMask, Trust Wallet, and other EVM-compatible wallets. By integrating Vortex, wallets can enhance their services and provide a seamless on- and off-ramp experience for users.
- Payment Service Providers: Global payment providers can leverage Vortex’s infrastructure to improve cross-border transactions, offering better rates and instant settlements.
- Traditional Ramping Services: Ramp providers can integrate Vortex to offer a superior alternative for on- and off-ramping, ensuring a competitive edge in pricing and user experience.
How Partners Benefit
- Enhanced User Trust: With Vortex’s proven performance and excellent UX, partners can ensure high user satisfaction and build trust in their platforms.
- Scalable Infrastructure: Vortex is built to handle high transaction volumes, making it the perfect choice for partners with large user bases.
- Global Reach: From Europe to Latin America (including Argentina and Brazil) and beyond, Vortex operates in key markets with plans for further expansion.
Join the Vortex Ecosystem
If you’re a wallet provider, global payment service, or ramping platform looking to deliver better services to your users, we’d love to hear from you. Let’s build the future of seamless, borderless finance together.
For partnership inquiries, please visit VortexFinance.co or contact us directly via growth@satoshipay.io
The Road Ahead
This successful fundraise sets the stage for Vortex to achieve key milestones in 2025 and beyond. By delivering impactful solutions to initial markets and creating traction, SatoshiPay is preparing to scale the Vortex project with a Series A fundraising round planned for late 2025.
We are deeply grateful to our investors and the Web3 Foundation for their trust and support.
Together, we’re building a brighter future for global finance, and we can’t wait to bring you along on this journey.
Stay tuned for updates as we launch Vortex and expand into new markets. The future of decentralized payments is here — powered by Pendulum, backed by visionary investors, and built for a global audience. 🌍
About
SatoshiPay
SatoshiPay is a trailblazing blockchain company founded in 2014 and focused on driving innovation in global payments and decentralized technologies. With a strong track record of delivering impactful blockchain solutions, SatoshiPay is the driving force behind Vortex and a key player in the Pendulum ecosystem. Learn more at SatoshiPay.io.
Vortex
Vortex is a cutting-edge decentralized payment platform built to bridge stablecoins with local fiat currencies, enabling seamless and low-cost cross-border payments. Leveraging the decentralized infrastructure of Pendulum, Vortex provides an interoperable solution for payments across major blockchain networks, including Base, Ethereum, Polygon, Arbitrum, Binance, and Polkadot. For more information, visit Vortexfinance.co.
Pendulum
Pendulum is a next-generation blockchain purpose-built for decentralized financial applications, enabling seamless connections between fiat and DeFi ecosystems. The PEN token, a utility token for transaction fees and network governance, powers the Pendulum network. Learn more about Pendulum and its growing ecosystem at Pendulumchain.org.
