Swapin, a Tallinn, Estonia-based EU-regulated crypto payment provider known for crypto-to-fiat solutions, closed a private investment round, raising €1.68M.
The identity of the backers was not revealed.
The company will be able to expand its market share with the help of experienced advisors and the funds.
Evald Hannes Kree, Swapin, is the CEO. The company allows you to convert crypto funds into fiat through direct deposit to an IBAN account. This eliminates the need for accounting and legal compliance.
Swapin has two new crypto-to-fiat options specifically designed for businesses.
- CoinCollector is a service that allows businesses to accept crypto payments from clients without the need for crypto-related accounting or compliance. Via a shareable payment link, clients can pay via crypto, and an equal sum in fiat will hit the merchant’s bank account;
- E-com is a widget merchants can embed into any website to accept crypto and instantly convert it to fiat.