SatoshiPay is thrilled to announce the successful closing of a €850k fundraising round, marking a significant milestone for Vortex, our transformative blockchain-based payment solution built on the Pendulum network. This funding round brings together a prestigious group of investors and a grant from the Web3 Foundation, reinforcing confidence in Vortex’s potential to revolutionize global payments.

Strategic Support from Industry Leaders

This funding round was backed by prominent industry leaders, highlighting the strong support for Vortex’s mission:

• Web3 Foundation Grant: The grant from the Web3 Foundation underscores its commitment to fostering cutting-edge blockchain innovation.

• Danny Masters: Chairman of CoinShares, a global leader in digital asset investments.

• Meinhard Benn: Co-founder of SatoshiPay and a pioneer in the blockchain space since 2011.

• Alexander Wilke: Current CEO of SatoshiPay and a driving force behind the company’s vision since 2016.

• Blue Star Capital: An AIM-listed investment company on the London Stock Exchange, reaffirming its ongoing support as a key shareholder.

Vortex: Driving Decentralized Payments Across Borders

Vortex is designed to streamline global payments by bridging stablecoins with local fiat currencies. Built on the Pendulum blockchain, Vortex leverages innovative decentralized FX infrastructure to offer low-cost, efficient payment solutions across both traditional and blockchain-based systems.

With this funding, SatoshiPay aims to:

• Roll Out to Key Markets: Launch in Europe, Argentina, Brazil, and additional regions.

• Expand Blockchain Integrations: Deploy on Base, Ethereum, Polygon, Arbitrum, Binance, and Polkadot, ensuring interoperability across major networks.

• Drive Initial Market Traction: Lay the foundation for Series A fundraising by the end of 2025.