Fintech Seva Money Completes $5 Million Seed Round Led by Blockwell and Revent

November 10: According to Tech Funding News, London-based fintech company Seva Money has completed a $5 million seed funding round, co-led by Blockwall and Revent, with existing investors including Seedcamp, Stride.VC and Ada Ventures continuing to participate.

Seva Money provides white-label wallets and bank cards to remittance operators for use by recipients, integrating financial and health services. The service is already live in India and Mexico and will 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 head of product at companies including WorldRemit and Paysafe. The company targets the post-remittance stage, supporting both fiat and stablecoins.