Tallinn-based Mercuryo.io secures €2.5 million to expand its cryptocurrency payment processing solutions

Estonian startup Mercuryo.io, an Estonian startup providing cryptocurrency payment processing solutions, has closed a €2.5 million funding round. The seed round was led by Target Global, as reported by FinSMEs.

Founded in 2018, Mercuryo.io is described as an ecosystem of cryptocurrency payment solutions. It enables global businesses to send and receive payments for goods and services using cryptocurrencies, via its cross-border payments network. Led by co-founders Petr Kozyakov, Greg Waisman and Alexander Vasiliev, the team is spread across Tallinn and London, bringing both eastern and western European markets.

The startup’s mission is to make cryptocurrencies more accessible, or as they explain, to bring cryptocurrencies into our daily lives and allow us to handle our crypto transactions casually. So how does it do this? The startup offers a range of options, including virtual accounts, business payments, remittance processing, and mass payouts, no matter the local payment methods or currency. Currently over 40 million merchants worldwide accept the Mercuryo.io card, making access simple in everyday life, no matter where the user is.

The startup’s technology complies with PCI DSS international information security standards, meaning that the storage, transmission and processing of data that businesses handle is tightly controlled. 

Mercuryo.io has some unique branding too, using rabbit ears as its logo, which act as a metaphor for “a trick, a hat, some virtual space in a from a crypto wallet where you can get anything you want.”