Juicyway Secures $3 Million in Pre-Seed Funding on December 16, 2024

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According to media reports, Juicyway completed a $3 million Pre-Seed funding round on December 16, 2024. The round attracted investments from Magic Fund, Future Africa, P1 Ventures, TCVP, and Stanford GSB Fund, with individual support from Gbenga Oyebode, Jeremy Johnson, and Andrew Alli. To date, Juicyway’s total financing has reached $3 million.Juicyway is a cross-border payment service provider leveraging stablecoins to streamline international settlements. By utilizing stablecoins and cryptocurrencies, the platform bypasses traditional intermediaries, significantly reducing transaction delays. The newly raised funds will be used to enhance its banking-like services and crypto wallet offerings, enabling seamless deposit and withdrawal functionalities. Stablecoins will serve as a bridge to facilitate instant settlements and minimize reliance on highly volatile currencies.Against the backdrop of rising global demand for cross-border payments, Juicyway’s solution is particularly significant. By integrating traditional finance with blockchain technology, the company improves cross-border payment efficiency and lowers transaction costs, delivering a superior financial services experience for users. This development also highlights the expanding role of stablecoins in international payments and their potential to drive transformative changes in global payment systems.

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USDT fundraising-history
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Pre-Seedfundraising-$M--2024-12-15Magic Fund,Future Africa,P1 Ventures,TCVP,Stanford GSB Fund,Gbenga Oyebode, Jeremy Johnson,Andrew Alli
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  • 2024-12-16
    Juicyway raised $ 3 M in Pre-Seed round
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