IN1 Secures $6 Million to Expand Crypto and Fiat Financial Management

Poland and UAE-based financial management platform IN1, which integrates both fiat and cryptocurrency accounts, has secured $6 million in seed funding. IN1 allows users to manage all their accounts and cards through a single app, offering fiat currency accounts, a cryptocurrency wallet, and a unified card for both fiat and crypto payments. The platform is also being promoted to fintech companies and banks as a comprehensive solution. Holding a Virtual Asset Service Provider (VASP) license, IN1 has partnered with financial services firms for card issuance, acquiring, IBAN management, and traditional money transfers.

The newly raised capital will be used to finalize product development, which is currently in beta, and to prepare for its upcoming launch in Europe. Expansion plans to the MENA region and Asia are set to follow.

Source: Finextra