Due, a payment startup founded by alumni from Revolut, has successfully extended its Seed funding round to €6.3 million, aimed at launching a new API platform for stablecoin payments.
Founded in 2022, Due provides growing businesses with a multi-currency account that facilitates sending and receiving funds in both local and foreign fiat currencies, as well as stablecoins. The company is expanding its offerings with a new embeddable API designed for fintechs interested in cross-border payments and crypto wallets.
With this API, Due integrates local payment systems, liquidity markets, and blockchain networks, enabling real-time foreign exchange and settlement across more than 80 markets through a single integration. Currently, the firm serves over 500 businesses.
The latest funding round, led by Speedinvest, follows an initial €2.3 million raised in 2023. Robert Sargsian, founder and CEO of Due, stated, “Moving money internationally still feels like sending a fax in the age of streaming. With Due, a single API line makes the world one currency zone, delivering real-time settlement at fair FX rates that are five to ten times cheaper than traditional wire transfers.”
Before launching Due, Sargsian worked in the crypto department at Revolut, where he contributed to the fintech’s blockchain strategy. The company aims to extend its payment coverage to over 100 countries by the end of the year while also planning to introduce additional payment products, including invoices, cards, and yield accounts, as well as hiring engineering and compliance staff to support its growth.