The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Spritz Finance Raises $2.5 Million in Pre-Seed Funding

by ChainWire
May 24, 2022
in Industry Announcements

May 24, 2022 – Greenwich, Connecticut


Spritz Finance, which offers decentralized financial services (DeFi), allowing users to easily pay their bills with crypto, recently closed a pre-seed round of $2.5 million. The funds will be used for hiring, expanding the platform’s crypto payments integrations, and making the product compatible across multiple blockchains.

Some of the notable investors include Polygon co-founder Sandeep Nailwal, former Coinbase CTO Balaji Srinivasan and Aaron Harris, former fintech partner at Y Combinator. The funding round also includes participation from Ledger Prime, OrangeDAO, Shima Ventures, DCG Genesis, Awesome People Ventures and others.

Spritz is founded by Christopher Sheehan, an MIT computer scientist and former Y Combinator investee.

Sheehan said,

“We believe there is a strong need to better connect real-world bill payments with crypto wallets that are easy to set up and simple to manage. Our mission is to automate financial freedom for millions of people by enabling them to better utilize their on-chain income streams – whether from putting capital to work or by staking, earning in games and yield farms – to directly pay their expenses each month, without needing a bank.”

Spritz is building the exact type of product that he envisions on the Polygon network, according to Sandeep Nailwal, co-founder of Polygon, who said,

“I’m so excited to be backing Spritz and be a part of bringing personal finance into the Web 3.0 era. Mass adoption of crypto is our core mission at Polygon, so by enabling anyone who’s generating income streams through DeFi, P2E games, NFTs and the metaverse, Spritz is a perfect fit for our ecosystem. I’m looking forward to helping Chris and his team build the future of finance.”

According to Srinivasan, the crypto market has a strong need for companies providing more crypto off-ramps integrated with today’s leading stablecoin yield protocols and DeFi apps, such as Aave and Sushiswap. This makes it seamless for people to program their interest-bearing crypto accounts toward paying real-world bills like their rent, credit cards or student loan.

Balaji Srinivasan, former CTO of Coinbase, said,

“People will probably pay more bills using crypto in the future. Spritz is working on making that mainstream sooner than later.”

Spritz will also be using the funds to further build bridges and connections from the real world to the digital world. The company envisions a multichain future, where current and new layer one and layer two blockchains, including Bitcoin, are used by people around the world every day to pay their bills.

Spritz plans to build developer tools to empower engineers outside the US to connect TradFi services, like utility payments or mobile money, to the wide world of crypto, simply by integrating with Spritz.

Spritz, which is currently hiring for many key roles, is testing its bill pay product in a closed beta. However, users interested in testing it out can join the waitlist for the beta by visiting Spritz’s website. The company is building its initial DeFi to TradFi off-ramp on the Polygon network, which has over $3.5 billion in total volume and enables faster and cheaper transactions, with plans to support other popular networks for DeFi, including Solana and Terra in the future.

About Spritz Finance

Spritz Finance enables bill pay directly from DeFi protocols, with no bank required, on a path to eventually connecting every smart contract and every traditional use of funds in the entire world – from mortgage payments and credit cards to monthly utility bills.

Through the company’s first product, customers can schedule their bill payments from their crypto wallets and favorite DeFi protocols without ever needing to unwind their positions or off-ramp through a bank. The company is currently in closed beta with a waitlist, which can be joined from the Spritz website.

Contact

David Gardner, head of marketing and growth at Spritz Finance

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Radix Babylon Upgrade Marks New Era for Web 3.0 User and Developer Experience
    September 28, 2023
  • Tyrion Set To Decentralize the $377 Billion Digital Advertising Industry
    September 25, 2023
  • Hydranet Launches Layer Three Dex – A Game Changer for Trustless Cross-Chain Trading
    September 25, 2023
  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,012.24
$27,012.24
0.32%
Ethereum
$1,677.22
$1,677.22
0.65%
Cardano
$0.254301
$0.254301
1.67%
XRP
$0.517433
$0.517433
2.92%
Dogecoin
$0.062431
$0.062431
0.71%

Spotlight

  • Is Ethereum Bottom In? Top Analyst Reveals the ‘No Questions Asked’ Level He Will Start Reaccumulating ETH
    September 23, 2023
  • This Catalyst Will Catapult Bitcoin and Have a ‘Dramatically’ Positive Impact on Altcoins: Anthony Scaramucci
    September 23, 2023
  • Over $440,000,000,000 in Bitcoin and Other Cryptos Could Be Wiped Out Before Market Bottoms Out: Nicholas Merten
    September 23, 2023
  • Trader Says Dogecoin Rival Has Additional Upside Potential, Updates Outlook on Bitcoin and Worldcoin
    September 23, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl