Airswift raises $2 million for crypto payment solutions

by James · August 9, 2022

Airswift raises million for crypto payment solutions

Airswift, a FinTech startup pioneering Web 3.0-based payment solutions, has raised $2 million in a pre-funding round led by CE Innovation Capital (CEiC).

Airswift aims to pioneer crypto payment solutions for businesses and consumers globally. Co-founded by CEO Dr. Yan Zhang, a successful entrepreneur in crypto, e-commerce and FinTech, the company offers a web 3.0 native omnichannel payment gateway crypto-funded prepaid cards, and on/off ramp services that connect businesses with consumers.

With blockchain technology at its core, Airswift builds payment infrastructure native to Web 3.0. This includes an easy-to-use on-chain payment gateway that allows merchants to accept both crypto and fiat currency, enabling frictionless purchases with digital assets. Airswift said it plans to launch its first product by September 2022. The company said this would make it one of the first full-stack payment gateway solutions that facilitate the acceptance of digital assets worldwide.

This funding round comes amid a time of serious market uncertainty surrounding crypto. However, Airswift said this indicates that investors still have confidence in Airswift’s model despite this, and are positive about the future of payments solutions that drive the use of digital assets.

CEiC said it is convinced blockchain-enabled payment solutions are a fundamental technological innovation that can create a paradigm shift in the financial industry worldwide. The FinTech investor added that the market is in its infancy, with great potential for growth.

Dr. Yan Zhang, co-founder and CEO of Airswift, said: “The raise from CEiC shows that investors are confident in our unique strengths in blockchain R&D, payment gateway operations, regulatory compliance, among other factors.

“The current challenge related to enabling crypto payments lies in both technical areas and fund aggregation. Airswift is committed to solving these problems with a decentralized payment gateway that protects users’ privacy and supports a liquidity pool model powered by blockchain technology.”

A recent report by Avaloq revealed that around 90% of UK investors who do not currently own crypto or currently invest in an exchange would invest in crypto with their financial provider if given the option.