According to Sorted Wallet, the round included $3.4 million in equity financing and reflects continued expansion of stablecoin payment infrastructure in emerging markets.
Sorted Wallet said it raised $4.4 million in a seed round co-led by Tether and Gnosis, with $3.4 million of the total coming from equity financing. The wallet, launched in 2022, has reported 500,000 downloads, with its fastest-growing markets including Nigeria, Kenya, Tanzania, Bangladesh, and Madagascar. The new report adds that Tether and Gnosis are backing the company as crypto firms continue expanding stablecoin payment infrastructure across emerging markets, reinforcing investor interest in wallet products as a key access layer for digital asset use.