Seva Money Raises $5 Million in Seed Funding Led by Blockwell and Revent

Fintech company Seva Money has completed a $5 million seed funding round, co-led by Blockwell and Revent, with continued participation from existing investors Seedcamp, Stride.VC, and Ada Ventures. Seva Money provides white-label wallets and debit cards for remittance operators, allowing recipients to use them while integrating financial and health services. The service has launched in India and Mexico, with plans to expand to the Philippines, Kenya, Nigeria, Tanzania, and Ghana over the next 12 months. Seva Money was founded by Ritu Soni, who previously served as a product lead at WorldRemit and Paysafe. The company focuses on the post-remittance phase, supporting both fiat and stablecoins.

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