Cross-border payment service provider Juicyway has completed a $3 million Pre-Seed round of financing, with participation from P1 Ventures and others

the cross-border payment service provider Juicyway, based on stablecoins, announced the completion of a $3 million Pre-Seed funding round, with participation from P1 Ventures, Ventures Platform Fund, and Future Africa.

Juicyway primarily utilizes stablecoins and cryptocurrencies to simplify cross-border settlements by bypassing traditional intermediaries and reducing transaction delays. The new funds are intended to support its provision of accessible quasi-banking and crypto wallet services, enabling seamless deposit and withdrawal services with stablecoins acting as a bridge, facilitating instant settlements and reducing reliance on highly volatile currencies.