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Cheq is on a mission to enable every single person in the world to participate in commerce by building the most simple, friendly and reliable way to pay and get paid with cryptocurrency.
Many countries fail to provide the same seamless banking infrastructure that the UK does. In addition, selling online is impossible without a bank and an integration with a payment processor- something that is not always straightforward to set up. Pay.so (formerly Cheq) is a startup that believes anyone should be able to participate in commerce, regardless of who they are or where they live. They are setting out to enable this by helping make crypto the world's favourite way to pay/get paid.
The company sets itself apart through the product's ease of use and the lack of transaction fees. They can produce a payment link for its users in seconds which can then be used to accept payments and provide a seamless checkout experience for buyers. It's fully decentralised, compatible with any token, chain, or wallet, and the recipient gets 100% of the funds.
The company is operating within a market currently underserved, yet with considerable opportunity. User experience of crypto transactions remain poor and big companies are only just starting to pay more attention to the potential of crypto payments. This can be seen in Stripe's recent announcement that they will be putting together a new crypto team to help build out the future of Web3 payments.
Pay.so is backed by an experienced founder and has recently raised $2M pre-seed funding from some of the top European VCs. It's a chance to join a well funded, hyper early stage startup with great potential to make a considerable impact within its industry.
Freddie
Company Specialist at Welcome to the Jungle
May 2022
$2m
SEED
Chris Butcher
(Founder)Co-founder and CTO of Portify, previously Founding Engineer at CharlieHR.